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Credit Unions in the United States

  • May 2014
  • -
  • MarketLine
  • -
  • 28 pages

Introduction

Credit Unions in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2009-13, and forecast to 2018). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the United States credit unions market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*Credit unions are member-owned, not-for-profit financial cooperatives that provide savings, credit and other financial services to their members.
The members of a credit union share a common bond, such as living in the same region. Credit unions do not raise funds from sources other than their members' savings. There are no outside shareholders, and each union is run by directors elected by its members.
Cooperative banks are similar to credit unions, but members need not to share a common bond, financial products may be offered to non-members, and a certain amount of capital may be raised from sources other than savings. As a result cooperative banks are not included in this report.
Values relate to total assets held by credit unions in the relevent country at year end, whilst volumes relate to total members (customers) of credit unions.
Any currency conversions used in the creation of this report have been calculated using constant 2013 annual average exchange rates.

*The US credit unions sector had total assets of $1,074.9bn in 2013, representing a compound annual growth rate (CAGR) of 4.6% between 2009 and 2013.

*The number of members increased with a CAGR of 1.4% between 2009 and 2013, to reach a total of 96,300.0 thousand members in 2013.

*The performance of the sector is forecast to accelerate, with an anticipated CAGR of 8.7% for the five-year period 2013 - 2018, which is expected to drive the sector to a value of $1,630.3bn by the end of 2018.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the credit unions market in the United States

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit unions market in the United States

Leading company profiles reveal details of key credit unions market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the United States credit unions market with five year forecasts by both value and volume

Macroeconomic indicators provide insight into general trends within the United States economy

Key Questions Answered

What was the size of the United States credit unions market by value in 2013?

What will be the size of the United States credit unions market in 2018?

What factors are affecting the strength of competition in the United States credit unions market?

How has the market performed over the last five years?

How large is the United States’s credit unions market in relation to its regional counterparts?

Table Of Contents

Credit Unions in the United States
TABLE OF CONTENTS

Executive Summary 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market volume 9
Market Segmentation 10
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Market volume forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
The Golden 1 Credit Union 20
Navy Federal Credit Union 21
Pentagon Federal Credit Union 22
State Employees Credit Union 23
Macroeconomic Indicators 24
Country Data 24
Appendix 26
Methodology 26
Industry associations 27
Related MarketLine research 27

LIST OF TABLES

Table 1: United States credit unions sector value: $ billion, 2009-13 8
Table 2: United States credit unions sector volume: thousand members, 2009-13 9
Table 3: United States credit unions sector geography segmentation: $ billion, 2013 10
Table 4: United States credit unions sector value forecast: $ billion, 2013-18 11
Table 5: United States credit unions sector volume forecast: thousand members, 2013-18 12
Table 6: The Golden 1 Credit Union: key facts 20
Table 7: Navy Federal Credit Union: key facts 21
Table 8: Pentagon Federal Credit Union: key facts 22
Table 9: State Employees Credit Union: key facts 23
Table 10: United States size of population (million), 2009-13 24
Table 11: United States gdp (constant 2000 prices, $ billion), 2009-13 24
Table 12: United States gdp (current prices, $ billion), 2009-13 24
Table 13: United States inflation, 2009-13 25
Table 14: United States consumer price index (absolute), 2009-13 25
Table 15: United States exchange rate, 2009-13 25

LIST OF FIGURES

Figure 1: United States credit unions sector value: $ billion, 2009-13 8
Figure 2: United States credit unions sector volume: thousand members, 2009-13 9
Figure 3: United States credit unions sector geography segmentation: % share, by value, 2013 10
Figure 4: United States credit unions sector value forecast: $ billion, 2013-18 11
Figure 5: United States credit unions sector volume forecast: thousand members, 2013-18 12
Figure 6: Forces driving competition in the credit unions sector in the United States, 2013 13
Figure 7: Drivers of buyer power in the credit unions sector in the United States, 2013 14
Figure 8: Drivers of supplier power in the credit unions sector in the United States, 2013 15
Figure 9: Factors influencing the likelihood of new entrants in the credit unions sector in the United States, 2013 16
Figure 10: Factors influencing the threat of substitutes in the credit unions sector in the United States, 2013 18
Figure 11: Drivers of degree of rivalry in the credit unions sector in the United States, 2013 19

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