KBRA Releases Third-Quarter 2024 U.S. Credit Union Compendium: Stabilizing Earnings and Navigating Rate Cuts

NEW YORK--(BUSINESS WIRE)--KBRA releases its third-quarter 2024 U.S. Credit Union Compendium, providing the latest view of the U.S. credit union (CU) sector and analysis of 3Q24 results for KBRA-rated CUs.

In this edition, we evaluate the industry's performance through the first nine months of 2024, including earnings and credit trends. The review examines large CUs that are positioning for the onset of monetary easing, following the Federal Reserve's cumulative 75 basis points of rate cuts in September and November. The report also assesses potential parallels to the historical credit performance in the last rate-cutting cycle. The Compendium includes 3Q24 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 CUs 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

• Third -Quarter 2024 U.S. Bank Compendium
• 2025 ABS Sector Outlook: Riding the Wave—Supply to Surge in 2025 While Credit Settles
• 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: 1007298