Thursday, March 1, 2012

Credit union membership hits record high

Credit union membership hit a record high of 91.8 million at the end of 2011, according to a report issued Thursday by the National Credit Union Administration.

The membership totals grew 1.3 million over the year, and 398,000 in the fourth quarter. The total number of credit unions declined by 245, to 7,094.

Total assets, loans and deposits also grew.