Lending

Credit unions on average are serving just 4.5% of their membership base with mortgage loans.

They are also honing online tools to stay competitive in the mortgage lending area.

A recession is not certain, but seems much more likely by 2021.

Refinances were 40% of originations in the third quarter, up from 19% in 2018's third quarter.

"I would say that credit unions have lost their way in small business lending in today's low interest rate environment."

Home, auto and credit card borrowing rises for credit unions, while the number of credit unions continues to steadily decline.