KBRA Releases First-Quarter 2024 U.S. Credit Union Compendium; Slowing Loan Originations and M&A Activity in Focus

KBRA releases its first-quarter 2024 U.S. Credit Union Compendium, providing the latest view of the U.S. credit union (CU) sector, analysis of 1Q24 results for KBRA-rated CUs.

In this edition, we focus on how industry fundamentals have evolved in the higher interest rate environment, creating a more challenging operating environment for CUs. The report examines key topics relevant to the CU industry including the repositioning of earnings, asset quality risk, and the importance of capital strength. The Compendium includes 1Q24 summaries on U.S. CUs in KBRA’s rated universe, focusing on key performance and credit metrics. The report also includes the top 10 lowest cost deposit franchises, highest reserves to loans, and largest sequential changes in return on assets, net interest margin, net charge-offs, and nonperforming asset ratios among all credit unions greater than $5 billion in total assets. In addition, we include key financial highlights for the top 20 largest CUs by total asset size along with medians of key ratios.

Click here to view the report.

Related Publications

• Fourth-Quarter 2023 U.S. Credit Union Compendium and Expectations for 2024
• First-Quarter 2024 U.S. Bank Compendium and Themes
• 2024 ABS Sector Outlook: Pushing Past the Headwinds
• Auto Loan ABS: Recoveries Pressured by Declining Valuations
• Rise in Credit Union Auto Securitizations

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1004731

View source version on businesswire.com: https://www.businesswire.com/news/home/20240617828723/en/