Credit Unions Continue To Push Down Dividends
Credit unions began the new year the same way they did last year by slashing savings rates to new lows.
Data compiled by DataTrac Corp. Shows that average rates paid by credit unions on regular shares shed another four
Average rates paid on CDs of all maturities also slipped a few BPs over the past week. DataTrac follows rates for
Despite the continued drop in savings rates, new funds continue to flow into credit unions, according to CUNA.
Lending continued to be propped up by real estate loans, with real estate loans accounting for virtually all of the
Through the first 11 months credit unions added $12.7 billion in new mortgage loans to their portfolios, including
Through the first 11 months of 2002 lending expanded by 6.7% and shares by 11.7%.
The surplus of new shares to new loans pushed the key liquidity indicator, the loans-to-shares ratio, down from