Despite solid asset growth over the five years to 2014, the Credit Unions industry has experienced tough times. Declining interest rates have caused interest-generated revenue to decline at a faster rate than total assets have grown. As a result, industry revenue has fallen. In the five years to 2019, improving economic conditions and rising levels of aggregate household debt are expected to underpin solid demand for loans from industry establishments. Additionally, higher interest rates will allow credit unions to earn greater amounts of interest income.
This industry comprises financial institutions known as credit unions or cooperatives. Credit unions are member-owned and provide banking services, which primarily include deposit taking and lending, to these same members.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.