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William Hunt is an industry analyst at Callahan & Associates. William helps credit unions leverage market data to improve their business efficiency and foster member relationships. He also writes for CreditUnions.com and other Callahan publications. William graduated from the University of Virginia with bachelor’s degrees in economics and foreign affairs.
Seventy credit union mergers occurred in the first six months of 2021, continuing a decades-long trend.
The lasting effects of the COVID-19 pandemic — and the national economic response to it — linger on credit union financial statements.
Mortgage originations set a quarterly record while consumer lending rebounded in the fourth quarter of 2020. Further economic reopening brings optimism, but the industry must monitor pandemic-related declines in asset quality.
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Credit unions and their members adapted to a new normal. See where opportunities like for the industry in 2021.
Subtle shifts in market share highlight the specialization of the core provider marketplace – there is a core provider tailored to any type of credit union business model.