Reversing a downward trend, the number of community-development credit unions jumped 16% to 169 while assets doubled to $250 million during the 12 months ending June 30.

The growth can be attributed to a friendlier regulatory environment and healthier economy, said Chris Kerecman, director of the National Credit Union Administration's Office of Community Development Credit Unions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.