Industry economists agree that if the U.S. plunges off the fiscal cliff Dec. 31, credit unions probably won’t see any ill effects right away. However, even if a so-called grand bargain is reached between Democrats and Republicans, credit unions could see the loan growth momentum gained this year grind to...
Numbers best since recession began, Lone Star league says.
CUNA Mutual says year-to-date loan growth at credit unions is now stronger than all of 2009, 2010 and 2011’s gains.
SNL Financial tracking firm says total loans were $27.48 billion then, $41.64 billion in second quarter 2012.
A radical culture change in the workplace and a shift in how collection efforts are carried out have helped two credit unions in the Midwest grow their loan portfolios well above the industry’s national average.
Nearly 43% of poll respondents report loan growth.
It may be hard to truly gauge whether the majority of members are feeling skepticism toward signs that an economic recovery is well on its way.