The Credit Unions industry has been going through a transition over the past five years. Amid a dynamic postrecession regulatory environment and historically low interest rates, credit unions have had to rely on other sources of revenue to generate a return for their members. Over the next five years, changes in the regulatory environment will shape the direction of this industry. Recent proposals to increase reserve capital requirements for credit unions have provoked a strong response from industry operators, which have lobbied for less-stringent regulations. Despite a challenging regulatory landscape, industry revenue is expected to increase over the five years to 2022.
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.