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At year-end, 1,029 credit unions reported loan participation activity with over 7.4 billion in participations outstanding.
Is there a strong correlation between above industry average share growth and share draft penetration? Within top five states in share draft accounts per member, it seems to be so.
Service revenue is growing. For all credit unions, service revenue grew by 13.53 % from last year. Callahan compiled data on service revenue sources from 76 credit unions, representing over 12% of the industry’s assets.
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Chip Filson provided an analysis of the past year accompanied by two firsthand case studies and an economic overview in last week’s year-end Trendwatch call.
Over the past year interest rates have been on the rise, but quarterly loan yields have continued to fall. What should credit unions expect in the coming year?