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Credit unions originated almost twice as many loans as banks did in the second quarter of 2015, according to an analysis of NCUA and FDIC data conducted by the Washington-based consulting firm Callahan & Associates.

According to Callahan, credit unions increased their loan portfolios by 10.6% as of June 30, 2015, compared to banks’ 5.4% increase.

What are your thoughts on credit union lending topping banks? (Check all that apply)
CUs hard work has finally paid off. Not suprised as CU rates are better. Great news but still lots of work ahead. It will only get better after the NCUA finalizes MBL rule. Considering bank resources and marketing budgets, I’m shocked. Other Please Specify:

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Credit unions saw an 8.2% increase in real estate loans, 15.4% increase in auto loans and 6.8% increase in credit card loans. In comparison, banks posted a 4.4% increase in real estate loans, 7.2% increase in auto loans and 2.2% increase in credit card loans, Callahan said.

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