Thu, Feb 22, 2018
CUNA Mutual Group's January 2018 Credit Union Trends report has been released. Here are some of the highlights:
Over the last 12 months, total credit union loan balances rose more than 10.7%, the 39th consecutive month of greater than 10% annual loan growth.
Credit union fixed-rate first mortgage loan balances grew 1.7% in November, double the pace set in November 2016.
As of November 2017, CUNA estimates 5,806 credit unions were in operation, down 248 from November 2016.