Third-quarter Call Report information released Thursday by the NCUA shows that while the number of credit unions continues to fall, the financial condition of those remaining continues to improve.
The industry saw gains in lending, loan quality, membership, net worth and assets.
Credit unions hungry for loan activity saw continued improvement in the third quarter, with outstanding loans growing 1.6% to $591.1 billion outstanding, a $9.4 billion gain from the previous quarter. That follows a similar 1.7% increase in the second quarter. Total loans have increased for six consecutive quarters, the NCUA said.
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