A slight contraction in membership in January could prompt some credit unions to seek more relationship pricing strategies to fill some potential losses.
This year may be a repeat of 2010's below-trend savings growth for credit unions as members continue to focus on paying down debt.
Despite four consecutive years of vehicle loan portfolio declines at credit unions, used vehicle lending continues to be a beacon of light for the industry.
The stark words jumped off the page of the report. "Consumer inflation rose 0.5% in December, the highest monthly gain since June 2009," according to an advisory prepared by Brian Turner of Southwest Corporate Investment Services in Plano, Texas.
For many households, paying down debt was among the top priorities last year and that trend is expected to continue well into 2011.
Credit unions are likely to focus more on deepening relationships with existing members this year.
Member business loans continue to be among those outpacing other credit union lending categories despite nine consecutive months of overall loan portfolio contraction.
Despite yields dropping to 0.66%, money market accounts at credit unions still contributed 55% to overall deposit growth, the latest industry data showed.
Despite nine consecutive months of loan portfolio contraction, member business loans continue to be among those outpacing other credit union lending categories.
It was a little more than a year ago when the NCUA threw its support behind an advisory that encouraged workouts on commercial real estate loans.