Credit unions made more loans in the fourth quarter of 2010 than in any other fourth quarter in history, said Jay Johnson, executive vice president of Callahan & Associates, as he crunched the latest numbers. The total amounted to $68.5 billion, said Johnson.
Another record was set for second-half lending, with credit unions lending $138 billion, per the Callahan calculations. That is the highest second-half lending by credit unions in history, said Johnson.
"Economists are upping their forecasts, consumers are more optimistic, we are seeing much more borrowing," said Johnson, who suspects the increased activity will continue into 2011 numbers as well.
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