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Laila Jiwani is an Industry Analyst at Callahan & Associates. As part of her role, she conducts and supports assessment of credit union industry performance data and contributing to CreditUnions.com and quarterly Callahan publications. Prior to joining Callahan, Laila worked with research institutes and non-governmental organizations to inform the growth of community-based financial institutions and help scale small and medium sized enterprises in emerging markets. Laila holds an Erasmus Mundus Joint Master in Development Economics and a Bachelor of Arts in International Studies from Texas A&M University.
Wage growth for full-time equivalent employees has stayed well above the Consumer Price Index for years, but surging inflation has turned the tables, resulting in a nearly six-point gap.
Credit unions are hosting more FTEs and paying them more than they were one year ago, in large part driven by an extremely competitive hiring environment.
How did credit unions wrap up 2021? Callahan & Associates has the inside story based on quarterly performance data.
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First mortgage and used auto dominate the loan portfolio, but commercial lending is hitting an all-time high.