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The economic landscape looks much different today than it did 10 years ago. How have credit unions navigated the changes in the larger economy?
Total loans at U.S. credit unions increased 9.5% in the third quarter of 2018 and reached an all-time high.
Cash and investment balances at credit unions fell 5.4% year-over-year, however, investment yields reached the highest third quarter level since September 2010.
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Credit card balances were up 8.4% annually to $59.9 billion as of Sept. 30, 2018.
Maine credit unions reported strong loan growth in the third quarter of 2018. Member relationships in the state strengthened as credit unions reported growth in both average share and loan balances.
Deposit balances were on the rise as annual growth hit 5.0% in the third quarter of 2018.
New members as well as new relationships grew at U.S. credit unions in the third quarter of 2018.
Better understand how to serve different generations with this guide from Callahan & Associates.
Different generations require different conversations. This interactive series shows how credit unions can serve all ages.