Uncontrollable environmental factors such as stiff competition, low loan demand and regulatory changes have posed challenges for CUs looking to grow. But some are managing to do just that. Here’s how three credit unions, two in Oklahoma and one in Iowa, achieved growth in the midst of a recession.
Iowa credit unions contributed dollars and relief help to aid victims of the July 24 flooding at Lake Delhi dam and on the Maquoketa River.
A co-op fund-raising campaign led by the $465 million DuTrac Community CU of Dubuque, Iowa and joined in by a gas station chain and radio DJs to help victims of the July 24 Lake Delhi flood, has brought in just under $25,000.