CUNA Mutual's Steve Rick shares why loan growth has doubled so far this year.
Dave Colby, chief economist for CUNA Mutual Group, will retire July 11 after 37 years, the company said June 16.
Meanwhile, about half of all small credit unions reporting lending declines in the first quarter.
The deposit accounts are now $44B below their March 2009 peak.
Chief economist is a founding member of the CU Economics Group and launched the CU Trends Report.
Consumers may not be very alarmed about recalls because repairs are made at no charge.
For the first time in 13 years, credit unions have grown their auto loan portfolios past the high of 12.9% annual growth that occurred in March 2001.
CUNA Mutual economist cites stronger employment, income growth, recovery in new light vehicle sales and less financing subsidies.
CUNA Mutual Trends Report shows strength despite hampering winter weather.
As the nation slowly thaws out after brutally cold weather, credit unions may continue to see a bit of a freeze when it comes to deposit growth this year.