At a time when many economists worry about the impacts of a possible federal fiscal stalemate, a leading credit union consultancy predicts the industry will post record lending levels in 2013.
Washington, D.C.-based Callahan & Associates pointed to strong loan growth and responses from credit union executives it's surveyed in 2012.
"The idea of the cooperative model is to fill a void in the marketplace, to be countercyclical," said Jay Johnson, Callahan executive vice president. "Over the past few years we've seen that, and members are continuing to find value in their credit union."
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