Credit Unions Hang Tough, See Surge in Deposits
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/credit-unions-hang-tough-see-surge-deposits/In the perilous aftermath of one of the worst financial disasters in U.S. history, one might expect credit unions — which, after all, are mostly tiny by the standards of the banking industry and operated on a cooperative, not-for-profit basis — to be struggling. But data from the last 18 months show that the country’s 7,600 credit unions are in fact outperforming big banks and rapidly expanding their market share. Continue reading





