Alabama and Florida credit unions are adding members at a recordpace while making more member business loans and seeingdelinquencies and net charge offs fall for three consecutive years,according to the League of Southeastern Credit Unions.
The league represents 285 CUs in Alabama and Florida and saidthat through the first three quarters of the year, they added165,000 new members. In the third quarter alone, Florida's 161credit unions added 35,000 new members and Alabama's 125 creditunions added 16,000 new members.
In both states, the credit unions have a record number ofmembers – 4.7 million in Florida and 1.83 million in Alabama.
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