A rising tide, especially an economic one, raises all boats, as the saying goes. Third-quarter economic trends found U.S. credit unions swiftly sailing toward a much brighter horizon, according to Callahan & Associates.
A White House petition written by Callahan & Associates Chairman Chip Filson asks President Obama to select NCUA board members who “understand the shared economic value for people and communities created by the cooperative model.”
Petition had 4,716 signatures on Tuesday; 100,000 needed by March 26 for White House to respond.
When it comes to loan originations, it appears credit unions are seeing a glimmer of hope in their portfolios.
According to this month’s Callahan Report, credit unions helped out the U.S. economy last year by supporting or creating more than 908,800 jobs.