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.
The consulting firm's third-quarter Trendwatch webinar reveals strong growth.
Credit unions lose two strong Democratic supporters in Mid-Term elections.
Golden State credit union leaders gather in Los Angeles this week for their league's annual meeting and convention.
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Compared to the second quarter of 2013, membership declined at 54% of the nation's credit unions in the second quarter of this year, according to the NCUA.
Credit unions in New Jersey have the lowest drop, Alaska has the highest growth in membership.
Read how the midterms could affect credit union legislation and regulation.
Credit unions fare the worst compared to other lenders in 30-day and 60-day delinquency increases.
By deliberately lending more to members with near-prime credit scores, credit unions are beefing up their balance sheets.