On International Credit Union Day, credits unions are looking forward to prosperous years ahead, but they are also reflecting on the cooperative principles that built the industry over the last 168 years.
So what can the credit union industry look forward to?
According to a new report from IBISWorld, an industry research firm in Los Angeles, U.S. credit union industry profitability is expected to increase and revenue is set to continue on a steady, upward trajectory of 3.1% annually on average to $54.2 billion in the next five years, even though the number of credit unions in the nation will decline.
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