Thanks to a growing member base, credit unions are on point to steal a substantial mortgage share from big banks and independent lenders, according to the latest Stratmor Insights report.
According to Stratmor data, credit union membership growth has averaged more than 4 percent annually since 2016, five times the rate of the U.S. population growth, and loan balances have increased by more than 10 percent each year since 2014.
Read on for details from the October report.
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