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Credit unions across the country are meeting members where they want to bank, but are digital payment options really that important? The proof is in the performance.
Florida credit unions reported year-over-year growth in deposits and loans in addition to reporting the highest share draft penetration of any state in the nation.
Consumer optimism, debt levels, deposit balances, and more. Get a glimpse of what happened across the United States in the fourth quarter.
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Total assets at credit unions reached a record high of $1.5 trillion at year-end despite a drop in the number of institutions.
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.
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.