Federally insured credit union earnings reached an all-time high of $8.5 billion in 2012.Earnings are up 36.1 percent from 2011. Membership grew 2.2 percent to 93.8 million, but the number of federally insured credit unions dropped to 6,819, down 275 from a year ago.Lending improved 4.6 percent to $597.7 billion. That included $246.3 billion in first mortgage real estate loans, up 5.7 percent. It also included $63.3 billion in new automobile loans, up 8.7 percent from last year.“There are…Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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