Iowa’s Credit Unions See Big Growth
Iowa’s credit unions are in the midst of a growth spurt. And banks are crying foul.
Data provided by the Iowa Credit Union League shows that although the number of credit unions has dropped from 126 in 2012 to 113 this year, total assets and members have grown substantially.
Total assets grew 16 percent from $10.5 billion in the first quarter of 2012 to $12.2 billion in the first quarter of 2014 while membership grew 3.9 percent from 983,183 to 1,021,449 during that same time period.
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