One sign that the economy is improving is the $7.8 billion increase in member business loans over the past 12 months.

That's according to data from CUNA Mutual Group's April Credit Union Trends Report. Now, MBLs represent 7.3% of all credit union loans.

Meanwhile, total loans reached the $664 billion mark in February, the latest month tracked, up 0.6% year to date and 8.1% since the same month last year.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.