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Industry Landscape

The credit union industry in the US is stable, emphasizing personalized service and community focus as alternatives to traditional banks. Digital transformation is key for attracting younger demographics, while regulatory changes and competition from FinTechs present ongoing challenges. Despite this, membership and asset growth continue to be positive, driven by competitive rates and lower fees.

Industries:
Financial CooperativeMember-OwnedRetail BankingCommunity BankingLending

Total Assets Under Management (AUM)

Credit Union Total Assets in United States

~Approximately $2.2 trillion (as of Q1 2024)

(5.3% (Q1 2023 to Q1 2024) CAGR)

Growth is driven by increases in loans and investments. \nStrong deposit growth contributes significantly. \nDigital adoption and new memberships also play a role.

Total Addressable Market

2.2 trillion USD

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Emerging Technologies