X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Digital line graph showing some loans going up and some going down. Ups and downs for some credit union lending products. (Source: Shutterstock)

A CUNA report released Wednesday showed savings cooled and loan growth was strengthening for credit unions in June.

Total loans were $1.22 trillion, up 4.8% from a year earlier. They were also up 1% from a month earlier — the fourth monthly gain in a row. Part of that was the seasonal increase in car and home buying. More notably, 1% matches the average pre-pandemic May to June increases from 2015 through 2019. Last June, when pandemic shutdowns were in full force, loans grew 0.7%.

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?

Jim DuPlessis

A journalist for decades.

More from this author

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.