... we're industry standard.
Commenter (2/7/2025): "Deposits have always fluctuated with the economy, markets and interest rates. All credit unions are affected. Nothing unusual here."
😎 Very much agree with the general idea and statement. "Fluctuations" do regularly occur in national/state economies affecting all credit unions. And, would add, that local market circumstances can boost or hinder the specific results of an individual credit union. So, sometimes comparing to other, similarly-situated credit unions may make sense.
😎 What does the "industry standard" for this period look like in North Carolina?
10 Largest Credit Unions by Deposits in North Carolina: (over 3 years)
Credit Union Deposits 12/21 Deposits 12/24 Gain
SECU $47.3 bil. $47.4 bil. + $100 mil.
Coastal $ 4.2 bil. $ 4.7 bil. + $500 mil.
Truliant $ 3.4 bil. $ 4.5 bil. + $1.1 bil.
LGFCU $ 3.0 bil. $ 3.6 bil. + $600 mil.
Allegacy $ 1.7 bil. $ 2.0 bil + $300 mil.
Self-Help $ 1.1 bil. $ 1.4 bil. + $300 mil.
Skyla $ .9 bil. $ 1.3 bil. + $400 mil.
Marine $ 800 mil. $ 900 mil. + 100 mil.
Latino $ 600 mil. $ 750 mi. + $150 mil.
Ft. Liberty $ 475 mil. $ 555 mil + $ 80 mil.
✅ Industry Standard = everybody grew!
Some more so than others...
No comments:
Post a Comment