Page 11 - US Market Performance Report 1Q 2018
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The Annual Rates of Change by Industry chart to the right shows the annual rates of growth for consumer loans (excludes real estate) for credit unions since early 2012 has been higher than that for banks (de ned by the Fed as Depository Institutions) or nance companies. In other words, credit unions have increased their market share for consumer loans in the recovery from The Great Recession.
But the growth rate in credit unions has been slowly subsiding since early 2015, while banks remained constant during 2016, slowed through mid 2017 and have rebounded to around 6% annual rates.
Finance companies have been contracting since 2016.
16% 14% 12% 10%
8% 6% 4% 2% 0%
-2%
-4%
Jan-12
Credit Unions
Depository Institutions
Finance Companies
Annual Rates of Change by Industry
Consumer Loans, Monthly: January 2012 - April 2018
SOURCE: FEDERAL RESERVE STATISTICAL RELEASE G19
Jan-13
Jan-14
Jan-15
Jan-16
Jan-17
Jan-18
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