NAFCU research: consumer credit grew at the strongest rate in years in June
WASHINGTON, DC (September 22, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the release of the latest NAFCU CU Industry Trends report:
“There are a number of positive industry trends at the moment, highlighted by moderating share growth, increasing member growth, and rock solid loan performance,” said NAFCU Chief Economist and Vice President of Research Curt Long. “However, net interest margins are now well below where they were following the financial crisis and will continue to place stress on credit union earnings for some time to come. It is incumbent on policymakers to eliminate unnecessary regulatory burdens on credit unions.”
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.