The 22 credit unions headquartered in the Tampa Bay area saw their assets increase by a combined $2.4 billion in 2023, according to data from the National Credit Union Administration. This continues a robust growth trend, with local credit union assets expanding by more than 55% over the past five years.
Membership also grew, albeit at a slower pace than assets. Local credit unions added 81,843 members in 2023, reflecting an increase of 3.1%. Over the last five years, membership has surged nearly 25%, translating to more than half a million new members.