MADISON, Wis. - (11/12/04) Credit union bottom lines shouldimprove over the next 18 months as rates steadily rise, accordingto CUNA. But the trade groups Center for Research &Advice is cautioning that healthier performance will not be had ifcredit unions dont continue to be innovating in lending.CUNA is forecasting loan growth increases of 12% for 2004 and 10%for 2005. At the same time, investable funds will shrink, CUNAsaid, as it is forecasting deposit increases of 6% and 7% for 2004and 2005, respectively. months, but credit unions will need to findinnovative lending strategies to attract borrowers, says an updatedeconomic forecast from CUNA.
Analysis Suggests Improved BottomLines
November 12, 2004, 1:00 a.m. EST
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