Credit union membership soared during the first two months of 2016, with 820,000 new members joining compared to 420,000 during the first two months of 2015, CUNA Mutual Group said in its monthly trends report.
During the past year, memberships grew 4.2%. CUNA Mutual projected that membership should grow more than 3% this year.
The membership growth can be attributed to the 413,000 jobs that were created in January and February, as well as growth in credit union auto lending.
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