Share balances rose $66.6 billion in 2017 and hit a record high of $1.2 trillion as of Dec. 31. Of the total portfolio, core deposits — share drafts, regular shares, and money market shares — totaled $860.6 billion and comprised 73.3% of the share portfolio at year-end.
Read more: "Deposits By The Numbers."
Survey senior executives from credit unions of all sizes across the country, and you’ll get a lot of different perspectives and insight. Callahan’s 2018 Executive Outlook Survey is no exception. Growing loans, deposits, and talent are imperatives, as is confronting competition from old foes and new. Credit unions’ place in the local and national economies also continues to provide a backdrop for much strategic contemplation.
Read 41 excerpted responses from the survey in "2018 Economic Outlook."
A few weeks ago, CreditUnions.com contributor Sharon Simpson made a confession: Despite spending most of her career in the credit union industry, she hadn't spent much time explicitly talking to my kids about money. Turns out, however, they formed smart financial habits anyway. She appeared on a recent episode of CUbroadcast to share more details and offer three ways any parent or financial institution can encourage money management as a bonus.
Watch now: "CUbroadcast Highlights How I Accidentially Raised Money-Smart Teens."
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