Credit unions in Alabama and Florida are reporting an increase in member business loans, mirroring a trend seen across the country.
According to the League of Southeastern Credit Unions, Florida credit unions grew their MBL portfolios by 2.6% in the fourth quarter and 2% for 2011 year over year. Alabama's credit unions grew their MBLs by 2.7% for 2011 year over year.
The overall quality of loans steadily improved in 2011, the league reported. Delinquent loans in Alabama have fallen for the second consecutive year and remain below the national average.
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