Determinants of recent structural change for small asset U.S. credit unions

Credit union numbers in the United States have declined since 1969. Changes in financial performance of U.S. credit unions have contributed to this decline. This paper discusses how small asset credit unions income, deposits, and loans have evolved during the period 1994–2011, with particular emphasis on 2008–2011. The effect of asset growth on credit unions with below $10 million in assets is distinct when compared with average asset sized U.S. credit unions. These credit unions face structural barriers to increase assets and will require unique managerial responses to macroeconomic changes in order to continue to provide member focused financial services profitably. © 2015, Springer Science+Business Media New York.