Strength in Credit Union Numbers
Credit unions fare better in banking downturn
May 14, 2010
By avoiding subprime and exotic mortgages, most credit unions — which aren’t under shareholder pressure — have largely avoided the same fate as many of their banking brethren. U.S. credit unions originated nearly $100 million in mortgages last year. Georgia credit unions in particular are having more luck than banks in the state luring new accounts.
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