Deposit growth for the United States’ 8,536 credit unions is strengthening on the heels of its strongest quarter in the past three years. For the fourth quarter of 2006, shares increased 1.3% on a quarterly basis. This is the highest growth rate in the fourth quarter for this time period.
Loans continued to have another solid performance in the fourth quarter. With an annual growth rate of 23.3%, member business lending led all loan growth for another consecutive quarter. Credit cards also had another strong performance, as their annual growth rate led that of all financial institutions.