Your Credit Union: The Happening Place to Bank
America’s credit unions have seen unprecedented growth in both membership and lending recently, according to some fresh reports.
In one recent report, CUNA Mutual Group said that U.S. credit unions added $10.2 billion in loans to their balance sheet in June. This is the fastest growth in credit union history.
Credit unions also experienced improved savings balance growth — of 4.4% during the first half of 2015.
Last week, the National Credit Union Administration reported that membership in federally insured credit unions grew to 101,084,138 at the end of the second quarter.
CUs have added more than three million new members since the end of June, 2014.
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