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Aman Johal is an industry analyst at Callahan & Associates. His duties include helping the analyst team assess credit union industry performance data and contributing to CreditUnions.com and quarterly Callahan publications. Prior to his current position, Aman interned at Callahan on both the administrative and analyst teams, and at The Sharma Law Office, an immigration law practice. He graduated from The George Washington University with a double major in economics and mathematics and a minor in statistics.
Credit union earnings rebounded toward the end of the year as industry players find a way to adapt their business models to a changing economic landscape.
From lending to waiving fees, stopping repossessions to halting payments, here’s how credit unions across the country stepped up to support members.
The financial constraints credit unions faced in 2020 provide insights for how to move forward in the coming year.
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Credit unions report a continued influx in shares as members seek the safety of deposit accounts.
Declines in consumer loan demand and a continued pullback from indirect lending programs have resulted in a deceleration of auto loan growth, particularly in new auto loans.