Credit unions continued to gain a larger share of U.S. loans inthe third quarter, but loan growth might slow in 2017 underPresident-elect Donald Trump, according to bank and credit unionreports released this week.
CUNA Mutual Group's “CreditUnion Trends Report” released Monday showed total assets rose8.3% to $1.3 trillion from a year earlier, while loans grew 10.2%to $868 billion.
Meanwhile, the FDIC Quarterly Banking Profile released Tuesdayshowed that total assets for banks grew 6.1% to $16.8 trillion,while loans rose 6.8% to $9.2 trillion.
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