Tag Archives: Federally Insured Credit Unions

As both current homeowners and potential homebuyers are settling more into their prospective communities, turning to federally-insured credit unions for their mortgage and banking needs has become a viable option. On Monday the National Credit Union Administration (NCUA) released its 2017 Q1 call report data, which reports growth all across the board for federally insured credit unions. Dan Berger, the President and CEO of the National Association of Federally-Insured Credit Unions (NAFCU) attributes the overall growth first and foremost to growing membership, which rose 4.2 percent, over 4.3 million more members than were registered a year ago.

The number of federally insured credit unions dropped in the second quarter, but the National Credit Union Administration reported Thursday that total loan growth was positive. Total loans at federally insured credit unions reached $745.2 billion in the second quarter of 2015, an increase of 3.2 percent from the previous quarter and 10.6 percent from last year.