Credit Unions in the United States

There are currently over 4,900 active federally insured credit unions in the United States. We’ve discussed the differences between a credit union and a bank previously and also detailed the many advantages credit unions offer their members. This page provides additional information on credit unions and provides a listing of the largest credit unions in each state in the country.

You can view the following pages to learn more about credit unions:

 

Table of Contents

What Our Survey Said About Credit Unions

Our 2022 survey had a several interesting points to consider for consumer habits, banks and credit unions. These data points in particular on credit unions were notable:

  • 75% of the population views their bank as the primary provider of financial services
    • By comparison only 25% believe their credit union is the primary provider
    • For Gen Z and Millennials approximately 80% view their bank as the primary provider
  • Credit Union customers tend to adopt more financial products than bank customers
  • Credit Union customers are significantly more satisfied than bank customers. Specifically 68% of credit union customers indicated that they were very satisfied with their credit union compared to 49% of bank customers

us-consumers-satisfaction-with-bank-credit-union

The Different Types of Credit Union Membership

Credit unions are only open to those who are eligible for membership. Eligibility can be based on your employer, family, where you reside or due to your membership in a particular group. The group itself could be a labor union, place of worship or homeowner’s association.

Credit unions have as of March 2022 131 million members across the United States according to the National Credit Union Administration (NCUA). The existence of membership requirements makes credit unions less accessible than banks almost by definition. Banks do not have such requirements and are more or less open to anyone, although there are implicit limitations based on geographies.

However, many people may not even realize that they’re eligible for membership with a credit union. In some cases, people aren’t even aware that they have access to a credit union in their community. For Federal credit unions there are three types of charters:

  • Single Common Bond – people that share a common bond such as working at a factory
  • Multiple Common Bond – people that share multiple common bonds
  • Community – live or have ties to a particular community such as a county or a town

In addition over the years the NCUA has made amendments to its rules to make it easier for federal credit unions to expand their fields of membership. For example, in 2015, the NCUA amended its associational common-bond requirements which added 12 new types of groups that they would pre-approved for federal credit union membership:

  • Alumni associations
  • Religious organizations
  • Electric cooperatives
  • Homeowner associations
  • Labor unions
  • Scouting groups
  • Parent-teacher associations
  • Chamber of commerce groups
  • Athletic booster clubs
  • Fraternal organizations
  • Ethnic organizations
  • Professional trade organizations

The Role of the NCUA

The NCUA is the FDIC equivalent for credit unions. The NCUA is responsible for federally insuring credit unions in order to provide protection to members who are the owners of the entities and have deposits with the credit unions.

In addition, the NCUA also charters and regulates all federal credit unions and works to identify, monitor and reduce risks to the National Credit Union Share Insurance Fund, which was created at the same time as the NCUA and is administrated by the agency. Just like the FDIC, the NCUA insures deposits at federal credit unions up to $250,000. Take a look at our overview of the NCUA page to learn more.

25 Largest Credit Unions in the United States

There are actually more credit unions actively operating in the United States than there are banks, so the fragmentation is actually more significant. That said, the six largest credit unions have a disproportionate share of both members and assets. Collectively these six largest credit unions have 33.5 million members and over $500 billion of total assets.

  1. Navy Federal Credit Union
  2. State Employees’ Credit Union
  3. Pentagon Federal Credit Union
  4. Boeing Employees Credit Union
  5. America First Credit Union
  6. Schoolsfirst Credit Union
  7. The Golden 1
  8. Mountain America Credit Union
  9. Randolph-Brooks
  10. Suncoast Credit Union
  11. Digital Credit Union
  12. Security Service Credit Union
  13. Vystar Credit Union
  14. Alaska USA Credit Union
  15. Redstone Credit Union
  16. First Tech Federal Credit Union
  17. Alliant Credit Union
  18. Municipal Credit Union
  19. Space Coast Credit Union
  20. Pennsylvania State Employees Credit Union
  21. Members 1st Credit Union
  22. Idaho Central Credit Union
  23. Delta Community Credit Union
  24. OnPoint Community Credit Union
  25. Ent Credit Union

Minority Depository Institutions

Credit Unions also have Minority Depository Institutions (MDIs) which have somewhat different qualification characteristics than Banks but functionally serve the same purpose. There were 509 active credit unions that were designated as MDIs as of December 2021. Visit our page on Minority Depository Institutions to learn more about them.

Credit Unions in Alaska

Credit Unions in Alabama

These are the 25 largest credit unions in the state as measured by total members.

Credit Unions in Arkansas

These are the 25 largest credit unions in the state as measured by total members.

Credit Unions in Arizona

These are the 25 largest credit unions in the state as measured by total members.

Credit Unions in California

These are the 25 largest credit unions in the state as measured by total members. California has 265 active credit unions which collectively have 12.8 million members and $276 billion of assets.

Credit Unions in Colorado

These are the 25 largest credit unions in Colorado ranked by total members.

Credit Unions in Connecticut

These are the 25 largest credit unions in Connecticut ranked by total members.

Credit Unions in the District of Columbia

These are the 25 largest credit unions in D.C. ranked by total members.

Credit Unions in Delaware

Credit Unions in Florida

These are the 25 largest credit unions in Florida ranked by total members.

Credit Unions in Georgia

These are the 25 largest credit unions in Georgia ranked by total members.

Credit Unions in Hawaii

These are the 25 largest credit unions in Hawaii, ranked by total members.

Credit Unions in Iowa

These are the 25 largest credit unions in Iowa, ranked by total members.

Credit Unions in Idaho

Credit Unions in Illinois

These are the 25 largest credit unions in Illinois, ranked by total members. The state has a total of 205 credit unions with over 3 million members.

Credit Unions in Indiana

These are the 25 largest credit unions in Indiana, ranked by total members. The state has a total of 133 credit unions with over 2.6 million members.

Credit Unions in Kansas

These are the 25 largest credit unions in Kansas, ranked by total members. The state has a total of 74 credit unions with over 1 million members.

Credit Unions in Kentucky

These are the 25 largest credit unions in Kentucky, ranked by total members. The state has a total of 59 credit unions with over 900,000 members.

Credit Unions in Louisiana

These are the 25 largest credit unions in Louisiana, ranked by total members. The state has a total of 159 credit unions which have over 1 million members.

Credit Unions in Massachusetts

These are the 25 largest credit unions in Massachusetts, ranked by total members. The state has a total of 146 credit unions with over 3 million members.

Credit Unions in Maryland

These are the 25 largest credit unions in Maryland, ranked by total members. The state has a total of 70 credit unions with over 2 million members.

Credit Unions in Maine

These are the 25 largest credit unions in Kansas, ranked by total members. The state has a total of 50 credit unions with over 600,000 members.

Credit Unions in Michigan

These are the 25 largest credit unions in Michigan, ranked by total members. The state has a total of 205 credit unions with more than 5.8 million members.

Credit Unions in Minnesota

These are the 25 largest credit unions in Minnesota, ranked by total members. The state has a total of 93 credit unions with over 2 million members.

Credit Unions in Missouri

These are the 25 largest credit unions in Kansas, ranked by total members. The state has a total of 100 credit unions with over 1.3 million members.

Credit Unions in Mississippi

These are the 25 largest credit unions in Kansas, ranked by total members. The state has a total of 66 credit unions with over 700,000 members.

Credit Unions in Montana

These are the 25 largest credit unions in Montana, ranked by total members. The state has a total of 45 credit unions with over 400,000 members.

Credit Unions in North Carolina

These are the 25 largest credit unions in North Carolina, ranked by total members. The state has a total of 63 credit unions with over 4.7 million members.

Credit Unions in North Dakota

These are the 25 largest credit unions in North Dakota, ranked by total members. The state has 32 credit unions with over 200,000 members.

Credit Unions in Nebraska

These are the 25 largest credit unions in Nebraska, ranked by total members. The state has 56 credit unions with over 500,000 members.

Credit Unions in New Hampshire

These are the credit unions in Nebraska, ranked by total members. The state has 14 credit unions with over 700,000 members.

Credit Unions in New Jersey

These are the 25 largest credit unions in New Jersey, ranked by total members. The state has 144 credit unions with over 900,000 members.

Credit Unions in New Mexico

These are the 25 largest credit unions in New Mexico, ranked by total members. The state has 40 credit unions with over 1 million members.

Credit Unions in Nevada

These are the credit unions in Nevada, ranked by total members.

Credit Unions in New York

These are the 25 largest credit unions in New York, ranked by total members. The state has 307 credit unions with over 4.5 million members.

Credit Unions in Ohio

These are the 25 largest credit unions in Ohio, ranked by total members. The state has 186 credit unions with over 2.7 million members.

Credit Unions in Oklahoma

These are the 25 largest credit unions in Oklahoma, ranked by total members. The state has 58 credit unions with over 1.3 million members.

Credit Unions in Oregon

These are the 25 largest credit unions in Oregon, ranked by total members. The state has 54 credit unions with over 2.1 million members.

Credit Unions in Pennsylvania

These are the 25 largest credit unions in Pennsylvania, ranked by total members. The state has 336 credit unions with over 4.6 million members.

Credit Unions in Rhode Island

These are the credit unions in Rhode Island, ranked by total members.

Credit Unions in South Carolina

These are the 25 largest credit unions in South Carolina, ranked by total members. The state has 51 credit unions with over 1.6 million members.

Credit Unions in South Dakota

These are the 25 largest credit unions in South Dakota, ranked by total members. The state has 35 credit unions with over 300,000 members.

Credit Unions in Tennessee

These are the 25 largest credit unions in Tennessee, ranked by total members. The state has 134 credit unions with over 2.4 million members.

Credit Unions in Texas

These are the 25 largest credit unions in Texas, ranked by total members. The state has 423 credit unions with over 7.8 million members.

Credit Unions in Utah

These are the 25 largest credit unions in Utah, ranked by total members. The state has 58 credit unions with over 3.3 million members.

Credit Unions in Virginia

These are the 25 largest credit unions in Virginia, ranked by total members. The state has 107 credit unions with over 17 million members.

Credit Unions in Vermont

These are the credit unions in Vermont, ranked by total members.

Credit Unions in Wisconsin

These are the 25 largest credit unions in Wisconsin, ranked by total members. The state has 114 credit unions with over 3.5 million members.

Credit Unions in West Virginia

These are the 25 largest credit unions in West Virginia, ranked by total members. The state has 82 credit unions with over 370,000 members.

Credit Unions in Wyoming

These are the largest credit unions in Wyoming, ranked by total members.