Callahan & Associates Partner Jay Johnson joined us to share credit unions' stunning performance in member growth, lending, and more for Q2 2017. Jay provided some eye-popping stats in growth that our industry hasn't seen since, dare I say it, the 1970s.
Member growth is at an all-time high of 4.4%, with credit union membership expected to reach 110.8 million
8.2% total year-over-year share growth, its highest rate since 2009
MBL year-over-year growth is projected to come in at 26.6%, nearly 10 percentage points higher than last year
These are obviously fantastic numbers, but we asked Jay why this upward trend continues to occur and how can credit unions keep the good times rolling. We also inquired if there were any surprises or possible challenges ahead for our industry.
Always a super interesting and entertaining talk with the highly-informed Mr. Johnson. Check it out and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.