Credit unions and banks are likely to loosen credit standards in 2018 as job growth continues and wages rise, but rising interest rates will slow the growth rate for loans, according to a CUNA Mutual Group report released Thursday.
The Credit Union Trends Report showed the total loan portfolio was $953.4 billion in August, 10.8% higher than a year earlier. Assets grew 6.2% to $1.4 trillion as membership grew 4.3% to 112.7 million.
CUNA's "Economic Update" report for October forecasts 10.5% loan growth this year, and 9.5% in 2018. It was 10.6% last year. Return on assets is expected to be 0.75% this year and 0.85% in 2018, compared with 0.76% last year.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
