Credit union size gap grows

by. Nicholas Ballasy

Credit unions with fewer than $10 million in assets gained net worth in the second quarter of 2014, but trailed behind larger credit unions in loan growth, net worth growth, membership and return on average assets, the NCUA reported Tuesday.

Overall, federally insured credit unions had the highest year-over-year loan growth since 2006, with lending increasing in every category, according to call report data ending June 30. Outstanding loan balances rose 9.8% from the second quarter of 2013 to $673.9 billion. New auto loans grew the most, increasing 17% to $77.7 billion.

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