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Credit Unions in the US - Industry Market Research Report

  • ID: 16868
  • Report
  • March 2021
  • Region: United States
  • 38 pages
  • IBISWorld
Credit Worthy: as the Economy Rebounds, Demand for Credit Union Services Will Return

FEATURED COMPANIES

  • Navy Federal Credit Union

Credit Unions in the US

The Credit Unions industry experienced tremendous growth during the five-year period to 2019, stemming from increased membership and rising interest rates. Strength in the economy, as reflected in greater disposable income and higher access to credit, have incentivized individuals and businesses to demand loans for automobiles and other large purchases as well as credit cards.Over the next five years, changes in the regulatory environment will shape the direction of this industry. Greater demand for credit unions increases their systemic importance to the overall economy. Furthermore, these intermediaries are federally-insured, so any liquidity crisis that requires federal intervention would place a burden on taxpayers. Despite an intensified regulatory landscape, industry revenue is expected to increase over the five years to 2024. Continued interest rate hikes will boost profit margins for this industry, while rising investment yields are also expected to boost investment income.

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.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Navy Federal Credit Union
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Navy Federal Credit Union
Note: Product cover images may vary from those shown

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