Credit union loan portfolios are growing more slowly this year, a trend that is likely to continue next year, according to a CUNA Mutual Group report released Friday.
The Madison, Wis., CUSO's monthly Credit Union Trends Report shows total loans growing 9.8% to nearly $1.1 trillion in the 12 months that ended Sept. 30.
Steven Rick, CUNA Mutual Group's chief economist, said the combination of slower U.S. economic growth and rising consumer debt is likely to slow credit unions' total loan growth to 8% in 2019.
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.
