How do credit unions balance conflicting objectives to grow loan volume and reduce member debt?
Review key results from NCUA fourth quarter call report data released March 3.
More than 60% say they anticipate loan growth this year, according to a new economic survey from CUANY.
Free events will also address how to create deeper member relationships, generate interest income and build member-friendly non-interest income.
This Opinion piece focuses on new ways to earn lending business.
Total loans outstanding at federally insured credit unions grew 6.8% in the year ending Sept. 30, 2013, according to a recent analysis by the NCUA.
Agency says membership also increased in 43 states and territories and declined in nine.
Total loans reach $631.5 billion as net worth ratio reaches highest level since 2008.
Nearly half of all credit union loan growth this year can be traced back to auto loans, setting the stage for record expansion across the industry for 2013.
This Opinion piece looks at some realities credit unions need to keep in mind as loan growth picks up.