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.

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…

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