Credit unions are seeing growth with loans, including fixed-rate mortgages. That's according to our Credit Union Trends Report for August 2017.
Highlights include:
- The nation’s credit unions increased their loan portfolios 1 percent in June, slightly less than the 1.2 percent pace reported in June 2016, and 10.9 percent during the last 12 months.
- Credit union fixed-rate first mortgage loan balances grew 2.7 percent in June, faster than the 2.2 percent reported in June 2016.
- As of June 2017, CUNA estimates 5,911 credit unions were in operation, 11 fewer than May and 215 fewer than June 2016.
