State-Chartered Credit Unions
State-regulated credit unions serving specific membership groups.
Market snapshot
These figures describe Credit Unions (3.1.5), the segment that State-Chartered Credit Unions sits within — not State-Chartered Credit Unions on its own.
- Market size
- ~$96B
- Growth
- ~8.0%CAGR (2017–22, nominal)
- Companies
- ~19,600 branches
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 522130 (Credit Unions). 'Companies' are branches; revenue is interest + fee income.
Business model & economics
Revenue model
Net interest spread plus member fees; not-for-profit surplus
Key economics
- Recurring revenue
- High
- EBITDA margin
- Not-for-profit; measured by net worth and ROA
- Capex intensity
- Low
sticky member relationships
Characteristics
- Tax-exempt, member-owned structure supports growth.
- Increasingly acquiring community banks.
- Smaller cooperatives merging into larger institutions.
Geographic concentration
Member-owned cooperatives are over-represented where credit-union membership penetration runs highest — North Dakota, Utah, Maine, and Michigan — rather than tracking overall population.
U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 522130. Concentration shown by location quotient.
M&A deal context
Who’s acquiring
- Larger acquiring credit unions
- Credit unions acquiring banks
- Cooperative consolidators
What’s driving deals
- Credit-union acquisitions of community banks.
- Merger of smaller cooperatives for scale.
- Share gains in consumer lending and deposits.
Find State-Chartered Credit Unions acquisition targets
Search Acquisera’s index for companies classified under State-Chartered Credit Unions (3.1.5.4) and build a targeted deal pipeline.
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