10 charts on credit union lending
The economic landscape looks much different today than it did 10 years ago. How have credit unions navigated the changes in the larger economy?
The shifting economic landscape over the past 10 years has changed the way financial institutions operate and interact with consumers. As banks and mortgage lenders pulled back following the crash, credit unions stepped in and increased lending when members needed it most.
In the 10 years following the recession, the credit union industry has grown its loan portfolio 82.7%. Banks in the United States increased their portfolio 73.4% during the same period. Keep reading to learn how credit union lending has evolved in the past decade.
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