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CU Snapshot

 Jun '17May '17
# of CUs5,911 5,922
Members
(millions)
111.7111.2
Total Assets
($ billions)
$1,378.8$1,369.6
Total Savings
($ billions)
$1,172.6$1,156.8
Net Cap.
Assets
10.6%10.6%
Loans to Savings79.6%79.9%
Loan Delinq.0.7%0.7%

         Credit Union Indicators

Members at Risk

Many households struggle to pay for unexpected expenses.

The majority of Americans are ill-prepared for unexpected financial shocks, according to a Pew Charitable Trusts report.

The report, part of a three-part series—"The Role of Emergency Savings in Family Financial Security"—finds that more than half of American households struggle to make ends meet after recent financial shocks.

In fact, nearly 50% had yet to pull themselves out of financial strife since a recent incident at the time of the survey. And for most of those respondents, the incident occurred more than six months earlier.

"Family financial security requires more than just having enough money to pay regular bills and build savings," the report says. "It also entails being prepared for the unexpected."

Additional findings include:

"The findings underscore the reality that, for many households, financial hardship is only one unexpected expense away," the report says.

(Via news.cuna.org)