Multi-generation family using a laptop, tablet and phone Credit/AdobeStock

America's credit unions are performing well, with loans growing more than 8% a year since 2018 and deposits 9%, according to 2023 data from the NCUA. Both figures are slightly higher than those delivered by banks. Member satisfaction is generally high, and credit unions have maintained their market share, at 15%. They have long played a critical role in the U.S. financial sector.

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