When a member joins your organization, the onboarding process plays a critical role in keeping them engaged right from the beginning. How many new members have joined your credit union in the second quarter of 2020?
Here is the list of Top 50 Credit Unions with the highest and lowest new member ratio for Q2 where we have taken credit unions with more than $500M into consideration. New Member Ratio is calculated as Net New Members in the quarter/Total Members.
Check out this list of CUs with the highest new member ratio. It means that these credit unions are not only popular and good at attracting the new members but are also offering services that are keeping their old members engaged.
We can say that these credit unions are doing a good job of serving their members.
S.No. | Credit Union Name | State | URL | Total Assets | Total Members | New Members Ratio |
1 | Christian Financial Credit Union | MI | http://www.christianfinancialcu.org | 677M | 61K | 27.80% |
2 | Consumers Cooperative Credit Union | IL | http://www.myconsumers.org | 2,440M | 169K | 24.83% |
3 | First Commerce Credit Union | FL | http://www.firstcommercecu.org | 920M | 64K | 14.55% |
4 | Pelican State Credit Union | LA | http://www.pelicanstatecu.com | 519M | 63K | 11.35% |
5 | Three Rivers Federal Credit Union | IN | http://www.3riversfcu.org | 1,630M | 95K | 9.74% |
6 | Lafayette Federal Credit Union | MD | http://www.lfcu.org | 817M | 26K | 8.87% |
7 | Carter Credit Union | LA | http://www.cartercu.org | 525M | 30K | 8.42% |
8 | Insight Credit Union | FL | http://insightcreditunion.com | 617M | 49K | 7.73% |
9 | Greenstate Credit Union | IA | http://greenstate.org | 6,660M | 229K | 7.17% |
10 | Pentagon Federal Credit Union | VA | http://www.penfed.org | 25,925M | 2,041K | 6.59% |
11 | Sun Federal Credit Union | OH | http://www.sunfederalcu.org | 606M | 39K | 6.16% |
12 | Arizona Federal Credit Union | AZ | http://www.azfcu.org | 2,178M | 140K | 5.71% |
13 | Redstone Federal Credit Union | AL | http://www.redfcu.org | 6,104M | 537K | 5.13% |
14 | Canyon State Credit Union | AZ | http://www.canyonstatecu.org | 509M | 39K | 4.99% |
15 | Arkansas Federal Credit Union | AR | http://www.afcu.org | 1,490M | 121K | 3.99% |
16 | Virginia Credit Union | VA | http://www.vacu.org | 4,286M | 308K | 3.92% |
17 | Fortera Credit Union | TN | http://forteracu.com | 639M | 65K | 3.84% |
18 | Evangelical Christian Credit Union | CA | http://www.eccu.org | 733M | 15K | 3.77% |
19 | Oregon Community Credit Union | OR | http://www.myoccu.org | 2,272M | 175K | 3.64% |
20 | Navigant Credit Union | RI | http://www.navigantcu.org | 2,671M | 106K | 3.41% |
21 | Hughes Federal Credit Union | AZ | http://www.hughesfcu.org | 1,562M | 140K | 3.40% |
22 | Utah First Credit Union | UT | http://www.utahfirst.com | 601M | 25K | 3.36% |
23 | Alabama Credit Union | AL | http://www.alabamacu.com | 1,083M | 98K | 3.20% |
24 | Knoxville Tva Employees Credit Union | TN | http://www.tvacreditunion.com | 2,767M | 222K | 3.20% |
25 | Potlatch No 1 Federal Credit Union | ID | http://www.p1fcu.org | 1,409M | 97K | 2.97% |
26 | Security Credit Union | MI | http://www.securitycu.org | 521M | 50K | 2.88% |
27 | Communication Federal Credit Union | OK | http://www.comfedcu.org | 1,425M | 93K | 2.87% |
28 | Idaho Central Credit Union | ID | http://www.iccu.com | 6,042M | 406K | 2.72% |
29 | Power Financial Credit Union | FL | http://www.powerfi.org | 880M | 33K | 2.67% |
30 | Navy Federal Credit Union | VA | https://www.navyfcu.org/ | 128,532M | 9,441K | 2.61% |
31 | Greater Nevada Credit Union | NV | http://www.gncu.org | 1,264M | 76K | 2.58% |
32 | Corporate America Family Credit Union | IL | http://www.cafcu.org | 738M | 69K | 2.57% |
33 | Guardian Credit Union | AL | https://www.myguardiancu.com | 650M | 72K | 2.56% |
34 | La Capitol Federal Credit Union | LA | http://www.lacapfcu.org | 572M | 49K | 2.52% |
35 | Connexus Credit Union | WI | http://www.connexuscu.org | 2,971M | 378K | 2.52% |
36 | Alliant Credit Union | IL | http://www.alliantcreditunion.org | 12,999M | 521K | 2.51% |
37 | Westmark Credit Union | ID | http://www.westmark.org | 931M | 63K | 2.49% |
38 | Evansville Teachers Federal Credit Union | IN | http://etfcu.org | 2,151M | 229K | 2.48% |
39 | Neighbors Federal Credit Union | LA | http://www.neighborsfcu.org | 1,046M | 75K | 2.45% |
40 | Latino Community Credit Union | NC | http://www.latinoccu.org | 536M | 89K | 2.40% |
41 | Credit Union West Credit Union | AZ | http://www.cuwest.org | 848M | 76K | 2.37% |
42 | Keesler Federal Credit Union | MS | http://www.kfcu.org | 3,388M | 259K | 2.30% |
43 | Space Coast Credit Union | FL | http://www.sccu.com | 5,610M | 471K | 2.30% |
44 | Frankenmuth Credit Union | MI | http://www.frankenmuthcu.org | 865M | 52K | 2.24% |
45 | Fox Communities Credit Union | WI | http://www.foxcu.org | 2,082M | 110K | 2.18% |
46 | Eastman Credit Union | TN | http://www.ecu.org | 5,677M | 251K | 2.14% |
47 | Barksdale Federal Credit Union | LA | http://www.bfcu.org | 1,664M | 139K | 2.13% |
48 | First Technology Federal Credit Union | CA | https://www.firsttechfed.com/ | 14,407M | 620K | 2.11% |
49 | Police & Fire Federal Credit Union | PA | http://www.pffcu.org | 6,311M | 347K | 2.08% |
50 | Ascend Credit Union | TN | https://ascend.org | 2,900M | 217K | 2.07% |
Of course, there are some caveats. e.g. if a credit union has closed any inactive/dormant or any other membership then the net new membership is going to get impacted. Similarly, if a credit union has closed any acquisition in the quarter then the numbers may be inflated.
Here is the list of CUs with the lowest new member ratio. This means that either these credit unions have to work towards their strategy in boarding new members, or they should find a way to engage their old members at a good level.
S.No. | Credit Union Name | State | URL | Total Assets | Total Members | New Members Ratio |
1 | Gulf Winds Credit Union | FL | http://www.gogulfwinds.com | 840M | 73K | -10.87% |
2 | Superior Choice Credit Union | WI | http://www.superiorchoice.com | 528M | 28K | -7.36% |
3 | Xceed Financial Credit Union | CA | https://www.xfcu.org | 942M | 49K | -4.98% |
4 | Verve Credit Union | WI | https://www.verveacu.com | 1,409M | 66K | -4.79% |
5 | Michigan Schools And Government Credit Union | MI | http://www.msgcu.org | 2,651M | 131K | -3.97% |
6 | Forum Credit Union | IN | http://www.forumcu.com | 1,672M | 156K | -3.56% |
7 | Team One Credit Union | MI | http://www.teamonecu.org | 647M | 50K | -3.53% |
8 | We Florida Financial Credit Union | FL | http://www.wefloridafinancial.com | 565M | 45K | -3.33% |
9 | Michigan Educational Credit Union | MI | http://www.michedcu.org | 957M | 52K | -3.26% |
10 | Velocity Credit Union | TX | http://www.velocitycu.com | 938M | 85K | -3.20% |
11 | Navy Army Community Credit Union | TX | http://www.navyarmyccu.com | 3,530M | 188K | -3.12% |
12 | Orion Federal Credit Union | TN | http://www.orionfcu.com | 936M | 72K | -2.92% |
13 | USC Credit Union | CA | http://www.usccreditunion.org | 660M | 76K | -2.88% |
14 | Firstmark Credit Union | TX | http://www.firstmarkcu.org | 1,124M | 94K | -2.79% |
15 | Fort Worth Community Credit Union | TX | http://www.ftwccu.org | 1,072M | 85K | -2.79% |
16 | SAFE Federal Credit Union | SC | https://www.safefed.org | 1,273M | 123K | -2.58% |
17 | Schlumberger Employees Credit Union | TX | http://www.secu.slb.com | 924M | 30K | -2.54% |
18 | Florida Central Credit Union | FL | http://floridacentralcu.com | 542M | 53K | -2.36% |
19 | Certified Federal Credit Union | CA | http://www.certifiedfed.com | 678M | 61K | -2.30% |
20 | Texas Bay Credit Union | TX | http://www.tbacu.org | 546M | 47K | -2.29% |
21 | Del Norte Credit Union | NM | http://www.dncu.org | 795M | 55K | -2.22% |
22 | Tyndall Credit Union | FL | http://www.tyndall.org | 1,745M | 113K | -2.18% |
23 | The Police Credit Union | CA | http://www.thepolicecu.org | 1,022M | 41K | -2.13% |
24 | Leominster Credit Union | MA | http://www.leominstercu.com | 752M | 48K | -2.12% |
25 | Amplify Credit Union | TX | http://www.goamplify.com | 1,080M | 59K | -2.05% |
26 | Lbs Financial Credit Union | CA | http://www.lbsfcu.org | 1,678M | 135K | -2.01% |
27 | Arizona Central Credit Union | AZ | http://www.azcentralcu.org | 602M | 57K | -1.89% |
28 | Y-12 Federal Credit Union | TN | http://www.y12fcu.org | 1,349M | 110K | -1.80% |
29 | Jovia Financial Credit Union | NY | http://www.joviafinancial.com | 3,737M | 196K | -1.71% |
30 | Primeway Federal Credit Union | TX | https://www.primewayfcu.com | 586M | 47K | -1.70% |
31 | Achieva Credit Union Credit Union | FL | http://www.achievacu.com | 1,991M | 165K | -1.69% |
32 | Bellwether Community Credit Union | NH | http://www.bccu.org | 521M | 33K | -1.66% |
33 | Jsc Federal Credit Union | TX | http://www.jscfcu.org | 2,486M | 132K | -1.66% |
34 | Vantage Credit Union | MO | http://www.vcu.com | 987M | 77K | -1.63% |
35 | GTE Federal Credit Union | FL | http://www.gtefcu.org | 2,424M | 224K | -1.59% |
36 | Financial Center Credit Union | CA | http://www.fccuburt.org | 578M | 31K | -1.59% |
37 | Houston Federal Credit Union | TX | http://www.houstonfcu.org | 781M | 61K | -1.58% |
38 | Pawtucket Credit Union | RI | http://www.pcu.org | 2,554M | 122K | -1.57% |
39 | Firstlight Federal Credit Union | TX | http://www.firstlightfcu.org | 1,270M | 107K | -1.52% |
40 | Hanscom Federal Credit Union | MA | http://www.hfcu.org | 1,607M | 90K | -1.50% |
41 | Lake Trust Credit Union | MI | http://www.laketrust.org | 2,153M | 175K | -1.50% |
42 | America'S Credit Union | WA | http://www.youracu.org | 618M | 41K | -1.48% |
43 | Consumer Credit Union | TN | http://consumercreditunion.com | 520M | 42K | -1.45% |
44 | Quorum Federal Credit Union | NY | http://quorumfcu.org | 871M | 70K | -1.43% |
45 | Ardent Credit Union | PA | http://www.ardentcu.org | 811M | 36K | -1.40% |
46 | Ithink Financial Credit Union | FL | http://ithinkfi.org | 1,687M | 94K | -1.35% |
47 | Texans Credit Union | TX | http://www.texanscu.org | 1,792M | 114K | -1.32% |
48 | People First Credit Union | PA | http://www.peoplefirstcu.org | 724M | 73K | -1.31% |
49 | Texas Trust Credit Union | TX | http://www.texastrustcu.org | 1,475M | 117K | -1.29% |
50 | Smart Financial Credit Union | TX | http://www.smartcu.org | 764M | 70K | -1.23% |
So where does your credit union stand is this? Also, how are you working towards managing your new member ratio? What strategies are you planning to deliver the best experience to your members so that they hold on and excite new ones to join in.
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