Sarah Snell Cooke Publisher/Editor in Chief [email protected]
The credit union community allegedly eclipsed 100 million members this year. The figure is bogus, and even the most religious credit union believers know that figure includes not a small amount of double counting from memberships by one person at multiple credit unions and other account structures.
However, I don't think many, if any, would argue that credit union membership is not growing; apples to apples of the figures showed a 2.9% year-over-year increase. Of course, the debate remains over the quality of those members as measured by number of products used, savings versus loans, and other variables.
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