Expected high loan growth might not overcome pressure on creditunion margins from rising interest rates in 2017, according toCUNA's latest forecast.
A separate report released in December from CUNA Mutual Group showed credit union loanportfolios reached $876 billion Oct. 31, rising 10.6% from a yearearlier, compared with a 10.2% growth rate in October 2015. Thegrowth was led by sharp acceleration in auto loans and MemberBusiness Loans.
“October data from our monthly credit union estimates point tosavings, loans and membership growth rates exceeding our forecastsfor this year,” said CUNA senior economist Perc Pineda.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 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.
