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Lending Up, Savings Down At Credit Unions

Wednesday, February 5, 2014 - 2:28 PM
From the Credit Union Times:
In the report, CUNA also said lending outpaced savings growth at credit unions last year for the first time since 2007. Reported loan balances also increased 6.8% in 2013, up from 4.8% in 2012.

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That's good news for savers. Perhaps this was a factor in why PenFed offered such high CD rates.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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