During the past year, memberships grew 4.2%. CUNA Mutual projects that membership should grow more than 3% this year.
New car sales are expected to reach 17.7 million in 2016.
One in four vehicles sold is financed by a credit union – a 20% jump compared to 2015.
CUNA reports strong auto lending in Q1 2016 while the Money Anxiety Index highlights a stall in spending.
First mortgage originations total $126 billion at credit unions, representing a 33% increase over 2014.
Cooperatives see growth of more than 10% for the seventh consecutive quarter in Q4 2015.
Find out how credit unions are making the most of the subprime auto lending market.
CUNA Mutual Group reports strong loan growth in 2015, including a 39% hike in first mortgages.
Subprime borrowers are partially to blame for a year over year fall in average balances.
Callahan & Associates shares details on how credit unions are capturing loans and members.