June's numbers produce the lowest industry number since 2000, CUNA Mutual Group says.
While all asset classes are now reporting loan growth, disparity exists between large and small credit unions, CUNA Mutual says.
CUNA Mutual Group economist Steve Rick forecasts only a 3.5% growth in savings balances this year.
CUNA Mutual's Steve Rick shares why loan growth has doubled so far this year.
CUNA Mutual Group Chief Economist Dave Colby retires July 11 after 37 years in the credit union industry.
The most critical part of a credit union's responsibility to members is ensuring the cooperative's future financial security. That means revenue.
While economists predict big loan gains this year, credit union leaders remain cautious.
The latest CU Times Sharper Pencil article looks at projections credit union lending will grow almost 10% this year.
Dave Colby, chief economist for CUNA Mutual Group, will retire July 11 after 37 years, the company said June 16.
Learn how credit unions have adapted to remain competitive and give members an edge.