Net gain in credit union memberships in the U.S. 2010-2021
The net gained membership rate of credit unions in the United States grew steadily each year between 2010 and 2018, when the number peaked before dropping in the following years. The total membership grew by 3.8 million in 2020, which was lower than the previous years. The drop is a result of the COVID-19 pandemic which caused a decrease in credit demand, as the willingness to make investments normally falls during economic uncertainty. In 2021, the net gained membership rate started to increase again.
