Lending

Coronavirus disruptions are expected to slow economic growth in 2020.

Mortgage lending helps drive the loan portfolio to new heights while membership engagement deepens at cooperatives.

First mortgages make a up a greater portion of the loan portfolio in 2019, at the expense of auto loans.

CUs can continue to grow their membership, loan and deposit business in a competitive, sustainable and risk-conscious way.

A strong end to 2019 appears to be setting up a positive view for 2020.

According to a new report, automobile lending is the biggest drag in 2019 for the credit union industry, growing only 2.4%.