Share Growth Slows In Lockstep With Personal Savings Rate
Annual share growth has slowed for seven straight quarters, mirroring the decline in the personal savings rate.
Annual share growth has slowed for seven straight quarters, mirroring the decline in the personal savings rate.
The increase comes as credit union hiring has not kept pace with membership growth.
Federally chartered credit unions originated more than $226 million in PALs last year, smashing the record set in 2019.
Hiring slowed during the pandemic, but credit union employee growth beat the national average.
Tax refunds typically underpin share growth in the first quarter; this year, these deposits are especially welcome.
After dominating headlines following the collapse of Silicon Valley Bank, here’s a look at how uninsured shares are divided by asset class at credit unions.
More consumers are entering the mainstream banking system, but more than a quarter of loan applicants say they aren’t getting the funds they need.
Line of credit usage increased just as the Federal Reserve began to hike interest rates, increasing the cost of borrowing for credit unions across the country.
Loan balances were up 20% year-over-year, surpassing the previous industry record.
Americans are buying their first homes — and selling them — at the oldest average age on record.

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