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CUNA Research Reports

CU Snapshot

 Aug '17Jul '17
# of CUs5,708 5,893
Members
(millions)
112.7112.2
Total Assets
($ billions)
$1,372.1$1,383.7
Total Savings
($ billions)
$1,158.6$1,165
Net Cap.
Assets
10.8%10.7%
Loans to Savings82.3%81.5%
Loan Delinq.0.8%0.7%

         Credit Union Indicators

Work together to thrive

Collaboration is key strategy for CUs, says Filene's Andrew Downin.

Collaboration is key to the future of credit unions, according to Andrew Downin, managing director of research at the Filene Research Institute.

That's one of the biggest takeaways he tries to give credit union leaders when they're doing strategic planning, he tells the CUNA News Podcast.

Prior to his current role with the credit union think tank, Downin oversaw the group's i3 program, which works with credit union leaders to tackle some of the industry's most flummoxing problems.

One of the industry's current problems, according to Filene research, is consumer anxiety about debt and taking out new loans. Downin writes about this debt anxiety in the CUNA Environmental Scan Report, a strategic planning resource for credit union leaders.

Prior to joining Filene, Downin led product development at SchoolsFirst Federal Credit Union and was vice president of marketing at Partners Federal Credit Union.

Downin received his undergraduate degree in accounting from the University of Arizona and his MBA from Pepperdine University, where he graduated first in his class. He is also a certified public accountant.

In the podcast, Downin discusses the research and how credit unions should position themselves in the evolving financial services landscape.

You can listen and subscribe to the CUNA News Podcast in Apple's iTunes Store, Google Play, and Stitcher Radio.