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Greg Gonsalves is an industry analyst for Callahan & Associates. He assesses industry performance data to identify trends and opportunities within the market. Gonsalves contributes to CreditUnions.com as well as writes state-level analysis for Callahan’s quarterly performance reports. Prior to joining Callahan, Gonsalves worked in data management and analysis at asset management firm ProShares. He earned a bachelor’s degree in economics from American University.
Total operating revenue has increased 8.8% over the first six months of 2016. This continued the recent trend of accelerating revenue growth for credit unions.
At second quarter, annual credit card balance growth has hit its highest rate in the past 11 quarters.
Strong share growth at U.S. credit unions continued into the second quarter of 2017.
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See why member business loans are one of the fastest growing loan segments in the credit union loan portfolio.
The world is moving toward a completely digital environment. Understanding a credit union's digital penetration is crucial to building a strong marketing and communications strategy.