Growth has been the operative word for Alabama’s credit unions during the latter half of the nation’s long-running economic recovery. During the past five years, membership in the state’s credit unions increased 10 percent to 2.1 million, while assets grew 17.8 percent to $22.4 billion. Loans jumped a dramatic 43 percent to $12.3 billion as…
Insights in Credit Union Lending
Leading Alabama credit unions see a shift from mortgage to consumer lending, temperate reaction to rising interest rates and accelerated adoption of online loan transactions.
