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Steven Rick Chief Economist Cuna Mutual "Credit union lending is booming"

Credit union lending is booming and the positive trend is expected to continue in 2018, according to the chief economist for CUNA Mutual Group. According to Steven Rick, who also is a director for the Madison, Wis.-based company, credit union loan balances rose 0.7 percent in January – an improvement over the 0.6 percent pace reported in January 2017, and an increase of 10.9 percent during the last 12 months. 



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