Rising interest rates squeezed credit union profits in 1994 and contributed to the industry's liquidity crunch.

The industry's overall assets grew just 4.5% to $289 billion, according to preliminary call report data compiled by the National Credit Union Administration. That's about half 1993's growth and a third of the growth in 1992.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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