Credit union loans outstanding grew faster in the first quarter of 2013 than in any other first quarter since 2008, according to the NCUA's quarterly industry report released Thursday.
However, small credit unions are lagging behind their larger counterparts, the report said.
Federally insured credit unions added 808,006 members in the first quarter to reach a new high of 94.6 million, the NCUA said. But while credit unions added members, the number of federally insured credit unions declined to 6,753, a drop of 66 for the quarter.
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