Credit Union Members Up in Second Quarter; Share, Loan Growth Slow From First Quarter

Credit unions membership continued to increase in the second quarter of 2010, but at a much slower pace than during the first quarter of the year, the National Credit Union Administration reported in its second quarter data summary and mid-year summary of Call Reports.

Second-quarter Call Reports from 7,445 federally insured credit unions showed that membership increased to 90.5 million during the quarter, according to data released by NCUA Aug. 30. However NCUA also reported that, after credit union deposits (”shares”) grew at an almost 11 percent annual rate during the first quarter, share growth slowed to 0.6 percent during ...