Credit Unions Report Strong 2Q Loan Growth
Credit union lending during the second quarter of 2014 was the strongest it's been since 2005, according to Callahan & Associates’ 2Q14 Trendwatch.
The Washington, D.C., consulting firm today released data showing that credit union lending overall saw nearly 10% year-over-year growth during the second quarter. Specifically, credit unions enjoyed double-digit growth in first mortgages, new auto loans, used auto loans and member business lending. Consumer loan originations increased 60% compared to the first half of 2013 and 90% compared to the first half of 2012.