Credit Unions in the US - Industry Market Research Report

Credit Unions in the US - Industry Market Research Report

  • September 2020 •
  • 49 pages •
  • Report ID: 198487 •
  • Format: PDF
Where credit’s due: Continued interest rate hikes will boost profit for the industry

Abstract

Credit Unions in the US
The Credit Unions industry experienced tremendous growth during the five-year period to 2019, stemming from increased membership and rising interest rates. Strength in the economy, as reflected in greater disposable income and higher access to credit, have incentivized individuals and businesses to demand loans for automobiles and other large purchases as well as credit cards.Over the next five years, changes in the regulatory environment will shape the direction of this industry. Greater demand for credit unions increases their systemic importance to the overall economy. Furthermore, these intermediaries are federally-insured, so any liquidity crisis that requires federal intervention would place a burden on taxpayers. Despite an intensified regulatory landscape, industry revenue is expected to increase over the five years to 2024. Continued interest rate hikes will boost profit margins for this industry, while rising investment yields are also expected to boost investment 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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