Credit union loans grew in January at their fastest rate in 17 years, led again by loans for cars and businesses, according to a CUNA Mutual Group report released Tuesday.
Credit union loans grew 12.8% in January 2017, the highest seasonally-adjusted annualized rate since January 2000, according to the monthly Credit Union Trend Report.
Chief economist Steven Rick said the credit boom could extend into a fourth year of double-digit growth in 2017 because membership has been growing more than 3% a year for the past three years.
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.
