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Member Business Loans Fall, Deposits Continue to Climb
By Michelle A. SamaadEven though member business loans are up 16.3% over the past year, much of the gain occurred in 2008. The year-to-date gain is now below 0.5%.
CU Times compiles our exclusive data sets in combination with information received from NCUA and other federal agencies to give a clear view of lending trends involving credit unions (i.e. mortgage, auto loans, HELOCs, student loans).
Even though member business loans are up 16.3% over the past year, much of the gain occurred in 2008. The year-to-date gain is now below 0.5%.