Total credit union assets grew in 2016,and profit growth doubled what the banking industry reported last year, according to fourth-quarter 2016 call report data recently released by the National Credit Union Administration.
Memberships in federally insured credit unions rose from the fourth quarter of 2015 despite a dip in the total number of physical credit unions in operation, keeping with an on-going trend experts have recognized.
Read on to learn more details from the report.