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Strong Loan Growth May Not Overcome Rate Squeeze

High loan growth may not relieve pressure on credit union margins in 2017, according to a new report.

By Jim DuPlessis | Updated on December 27, 2016

Expected high loan growth might not overcome pressure on credit union margins from rising interest rates in 2017, according to CUNA’s latest forecast.

A separate report released in December from CUNA Mutual Group showed credit union loan portfolios reached $876 billion Oct. 31, rising 10.6% from a year earlier, compared with a 10.2% growth rate in October 2015. The growth was led by sharp acceleration in auto loans and Member Business Loans.

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Jim DuPlessis

Jim DuPlessis

A journalist for decades.

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