With apologies to Charles Dickens, credit unions' aggregate Q1 2015 financial performance was the best of times and the best of times, according to results reported during Callahan & Associates' 1st Quarter TrendWatch presentation this week.
"By all measures this has been a tremendous start for 2015," Callahan Executive Vice President Jay Johnson said during Wednesday's webinar. "I think we are looking at a record year for the industry."
Credit unions' financial growth in some ways ran counter to U.S. economic performance, according to webinar participant Scott Gilbert, vice president and portfolio manager for Goldman Sachs Asset Management and adviser to Callahan's Trust for Credit Unions investment program. While some aspects of the economy rose, an equal number remained stagnant, adding drag to the country's overall economic progress, he explained.
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