ARLINGTON, Va.—NAFCU’s latest CU Industry Trends shows that growth rates are improving for the smallest credit unions but remain far below those of other peer groups.
The data through the third quarter of 2017 also show home equity loan originations are up over 15% from a year prior, and loan growth at federally insured credit unions (FICUs) neared 11% in the third quarter; banks' loan growth continued to fall below 5%.
The release of the NAFCU report follows release of data NCUA, which showed FICUs saw share growth of 6.8%, year over year, and membership grew to 110.5 million, NAFCU noted.