Despite a lingering lending slump, several credit unions managed to grow their loan portfolios by more than 5% during the Great Recession.
The Filene Research Institute highlighted some of those credit unions in a new report, “Superior Consumer Lenders During the Great Recession.”
Only 23 out of more than 2,200 U.S. credit unions larger than $50 million grew their new and used auto loan portfolios by more than 5% each year between 2008 and 2010, and only 11 of those also grew their credit card portfolios by 5%, the data revealed.
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