Net gain in credit union memberships in the U.S. 2010-2020

Published by F. Norrestad, Mar 8, 2021
The net gained memberships of credit unions in the United States grew steadily each year until 2018, when the number peaked before dropping 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.

Credit unions' net gained memberships in the United States from 2010 to 2020 (in millions)

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