SNL Financial says balances top $48 billion mark with used car loans accounting for half of lending activity.
Illinois, Texas, Michigan, North Carolina and California led the nation in branch sales, according to SNL Financial.
Research firm says financial institutions choosing to fund new technologies to meet customers’ preferences.
SNL Financial says reserves were $26.90 billion in the second quarter.
SNL Financial says credit union industry managed four new charters last year, none for banks.
Melrose Credit Union claims the top spot in SNL Financial's 2012 ranking of the 50 best-performing credit unions with more than $500 million in assets.
As credit unions loans inched up to nearly $600 billion, lending at some community banks has been down for at least the past five months.
Credit unions with fields of membership in certain communities across the U.S. may get an opportunity to purchase a Bank of America branch.
The interest rate data products operation of Datatrac Corp. in Milwaukee has been sold to SNL Financial of Charlottesville, Va., the companies said.
Datatrac’s database comprises more than 10 years of history of more than 10 million rates and fees from more than 100,000 depository locations, the companies said.