Different generations require different conversations. Learn how credit unions can serve all ages in Callahan's recurring graphic series, including Baby Boomers — those 53- to 72-year-olds born between 1946 and 1964.
Read: The Credit Union Guide To Baby Boomers
At second quarter, the credit union industry's 9.8% loan growth has led the portfolio to surpass $1 trillion for the first time. Loan growth has slowed in the last year, however, 2018 has seen the highest year-to-date loan origination on record, at $255.9 billion. How else did credit unions perform in the second quarter?
Read: 3 Takeaways From Trendwatch 2Q 2018
For one former Callahan millennial, she had always known about credit unions — her mom had been a member since before this ex-Callahaner was born — but she began to truly understand what makes them different when she witnessed their recovery efforts after the economic catastrophe of the late aughts. For that, she will forever be loyal to her credit union. That being said, she has a hard time convincing her friends to leave their big banks, or even consider a credit union for a car loan or mortgage loan, for four reasons.
Read: How I Learned To Stop Worrying And Love The Co-Op
Total delinquency at credit unions was lower at midyear 2018 than it was one year ago. Based on early performance data derived from 5300 filings, Callahan & Associates predicts total delinquency dropped 8 basis points to 0.67% as of June 30, 2018. How else has asset quality across the industry changed?
Read: Credit Union Delinquency Drops 8 Basis Points At Midyear
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