MADISON, Wis. — With the ongoing upheavals impacting the nation's economy, members and customers might be more skittish about switching their financial institutions.
Through the first two months of 2008, membership estimates are up 573,000 according to the April issue of Credit Union Trends Report from CUNA Mutual Group. These results are showing membership up 1.6 million or 1.8% over the past year to a total of 89.9 million.
Historically, the early part of the year has shown the strongest membership gains, said Dave Colby, chief economist at CUNA Mutual. Whether those gains will continue for the rest of 2008 depends on whether the country can climb out of a sluggish economic downturn.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
