WASHINGTON—Membership growth was strong as was loan growth among credit unions during the second quarter, according to NAFCU's second-quarter CU Industry Trends report. In fact, loan growth reached nearly 11% in the second quarter.
The Trends report shows continued strength in loan growth and performance for the second quarter. Growth in first mortgages and other real estate loans remained strong as credit unions' market share of first mortgage originations continued its steady climb toward 8%.
Last week, the NCUA released its second-quarter data, showing that federally insured credit unions saw share growth of 8.2%, year over year, as membership grew to 109.3 million.