Loan growth at federally insured credit unions in 2014 reached its highest level since 2005 and membership growth continued, according to NCUA data from the fourth quarter of 2014.
Outstanding loan balances grew 10.4% between the end of 2013 and the end of 2014, while total loans reached $712.3 billion, according to data released on Monday.
Loans grew in almost every major category, including auto loans, first mortgage loans and payday alternative loans.
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