WASHINGTON — The credit union industry rewarded members in a big way for their loyalty in 2006.
A record $15.7 billion in dividends were paid to members last year, a 60% increase from the previous year, according to Callahan & Associates, Inc.
Across the country, credit unions also made significant product and service investments to better serve their 87.4 million members. Double-digit growth in real estate and credit card loans, more than 800 additional member service facilities, two million new checking accounts, and 44 million loans on the books at year-end show the impact credit unions are having on members' lives, Callahan reported.
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