Andrew Bolton is an industry analyst for Callahan & Associates. Andrew conducts analysis on a variety of trends within the credit union industry, with a focus in auto lending and corporate credit unions. He also completes state-level analysis for various state leagues. Originally from Timonium, MD, Andrew earned a Bachelor of Arts in economics from Marietta College in Marietta, OH. He enjoys reading The Economist and playing tennis in his free time.
A variety of special services help struggling members get into the financial groove.
The pace of credit union mergers has picked up, but the average size of merging credit unions has fallen.
More auto loans and higher credit card balances are the primary source of growth in the industry’s loan portfolio.
Charter changes and laser-focused community building demonstrate two different ways to entice members to join the credit union fold.
Credit unions are benefitting from the low rates and improved confidence that are prompting consumers to purchase cars.
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