Shares and deposits at federally insured credit unions increased 14.4% in the third quarter from the previous year, the National Credit Union Administration reported.
Data: The NCUA said the credit union industry’s net worth increased by 10.7%, its return on average assets rose to 112 basis points from 65 basis points a year ago, and outstanding loans increased 5.8%.
New Video: ICBA last week released a new video distinguishing taxpaying community banks from tax-exempt credit unions and urging Americans to advocate congressional hearings on how credit unions are taxed and regulated.
Ad Campaign: Shorter versions of the video will be used in the coming weeks for a social media marketing campaign targeting consumers and policymakers. It follows an ICBA print and digital ad campaign on credit unions earlier this fall.
Grassroots: Community bankers can continue urging Congress to hold hearings on credit union acquisitions via a customizable message to lawmakers on ICBA’s Wake Up page and its Wake Up Messaging Playbook.