March 4, 2014 – Credit unions’ lending was up 8 percent in 2013, and membership grew by more than 2.4 million, according to year-end call report data released Monday by NCUA.
NAFCU Senior Vice President of Government Affairs and General Counsel Carrie Hunt said the data show the credit union industry’s strength and integral role in the nation’s economy. “Credit unions' proven value is underscored by the industry’s continued membership growth, fueled by credit unions’ Main Street appeal,” said Hunt. “Credit unions offer their members unquestionable value, with outstanding service, low fees and competitive rates.”
The year-end data show: