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CU Snapshot

 Oct '17Sep '17
# of CUs5,8155,849
Members
(millions)
113.4113.2
Total Assets
($ billions)
$1,389.5$1,390.9
Total Savings
($ billions)
$1,168.6$1,107.9
Net Cap.
Assets
10.8%10.7%
Loans to Savings83.1%82.1%
Loan Delinq.0.8%0.8%

         Credit Union Indicators

Get Your Share of the Sharing Economy

CUs were part of the sharing economy before it was cool.

If the sharing economy is "in" right now, why haven't credit unions been duly recognized as pioneers on this front?

Credit unions haven't been leaders in the sharing economy, even though pooling resources drives its competitive advantage, according to a report from the Filene Research Institute.

"Credit unions were onto this ‘new' trend in the finance world in the 1800s, when farmers first combined resources to cooperatively acquire equipment on credit, before the harvest season," says Hope Jensen Schau, professor at the University of Arizona, and author of the research. "Credit unions have continued in a member-to-member, collaborative financial model that is, in light of the access economy we see today, extremely farsighted. However, credit unions aren't mentioned in the popular press."

To take the next step in collaborative, member-to-member financing, the research finds credit unions should:

(Via new.cuna.org)