The unique structure of credit unions permits their priorities to be different from those of banks. Naturally, credit unions' popularity among consumers has helped them succeed and grow. In fact, credit unions are in the midst of one of their most successful periods ever. During the past year, for example, membership in Indiana's 295 credit unions increased to more than 1.9 million, while membership in the nation's 12,242 credit unions grew to more than 70 million. Other key ratios reflect credit unions' strong financial condition.
Capital ratios remain at their highest levels ever.
Credit union capital is above 10 percent both statewide and nationally. In simple terms, capital represents a credit union's net worth. Meanwhile, loan delinquency rates remain at their lowest levels in years. Less than 1 percent of credit union loans are 60 or more days past due. And the financial strength of the National Credit Union Share Insurance Fund, the federal fund that insures credit union deposits, has never been greater.