Economic trends (Image: Shutterstock).
Even as loan growth slows this year, credit unions can expect pre-recession rates of return thanks to rising net interest income, according to a report released Wednesday by CUNA Mutual Group.
The Madison, Wis.-based organization's monthly Credit Union Trends Report showed the nation's 118.3 million members at 5,637 credit unions owned $1.48 trillion in assets as of Nov. 30, up 6.1% from a year earlier. Savings grew 6.5% to $1.25 trillion and capital grew 7.2% to $160.2 billion.
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