信用合作社行业更新和圆桌对话.pdf

1、Credit Union Industry Update and Roundtable ConversationCommunity Financial InstitutionsDanielle Parry-Hill&Sean Flynn1 2024 TransUnion LLC All Rights ReservedAgenda2024 US Financial Services Summit1.Credit union industry update2.Roundtable discussion2 2024 TransUnion LLC All Rights Reserved2024 US

2、Financial Services SummitAVP Compliance&Financial CrimesStephanie Kinnett3Service Federal Credit UnionPortsmouth,New Hampshire358,000 members,$5.5 billion in assets 2024 TransUnion LLC All Rights Reserved2024 US Financial Services SummitChief Lending&Payments OfficerJeremy PinardVantage West Credit

3、UnionTucson,Arizona183,000 members,$2.8 billion in assets4 2024 TransUnion LLC All Rights Reserved2024 US Financial Services SummitVP of Insights,Innovation&ImpactBlake Woods5CFCUPlymouth,Michigan85,000 members,$1.7 billion in assets2024 US Financial Services Summit 2024 TransUnion LLC All Rights Re

4、servedCredit union industry update6 2024 TransUnion LLC All Rights Reserved7The underlying trends affecting consumers are having a direct impact on credit unions as wellElevated prices and higher interest rates have driven up consumers monthly obligations,impacting consumer cash flow and savings lev

5、elsDeclines in savings and record monthly obligations have generated higher demand for revolving products and personal loansIn response to liquidity and earnings pressures,credit unions have adjusted growth strategies to ensure a focus on balance sheet stability 2024 TransUnion LLC All Rights Reserv

6、ed8After strong growth in 2022,credit unions pulled back in 2023,experiencing negative originations growth across productsNew loan origination growth(count)by product and lender type;Q4 2023 YOY-20%-21%-18%-14%-2%8%-10%-17%-6%-6%AutoMortgageHELOCBankcardPersonalCredit unionsNon credit unionsSource:T