trending Market Intelligence /marketintelligence/en/news-insights/trending/P7q2GLUqA9bkRJgQdjicdA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Vehicle loan penetration at US credit unions continues to rise

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Vehicle loan penetration at US credit unions continues to rise

The number of auto loans at U.S. credit unions grew 1.4% in the fourth quarter of 2018 to 24.9 million, representing 21.2% of current members, up from 21.1% as of Sept. 30, 2018, and 20.5% at the end of 2017.

The number of credit union members grew to more than 117.5 million, a 0.7% increase from the previous quarter and a 4.4% rise year over year.

SNL Image

Among credit unions with at least $50 million in vehicle loans, 69.7% reported a year-over-year increase in auto loan penetration, or the number of vehicle loans as a percentage of total credit union members. Chicago-based United CU led the group with a 58.1 percentage-point increase in 2018, pushing its total vehicle loan penetration to 71.9%.

Credit unions with at least $5 million in credit card loans saw a 47.0% increase in credit card loan penetration in 2018. Fremont, Ohio-based Fremont FCU increased its credit card loan penetration by 10.6 percentage points to 30.2% as of Dec. 31, 2018, the largest gain in the analysis.

The nation's largest credit union by assets, Navy FCU, saw vehicle loan penetration decline 0.3 percentage point to 11.3% as of Dec. 31, 2018. The company increased its credit card loan penetration by 0.7 percentage point to 32.1%

SNL Image

SNL Image

SNL Image

Click here to set up real-time alerts for data-driven articles on the U.S. financial sector.

Click here for a template that allows you to quantify the value that a credit union is delivering to its members relative to a custom peer group.

Click here to view a webinar on the member value peer score template.