CREDIT UNIONS GROW IN DECADE

December 13, 1989

Membership in the nation's credit unions grew 36 percent during the 1980s, according to a Pace University study. Membership in federally chartered, federally insured credit unions has grown from 24.5 million in 1980 to 36 million in 1988. State chartered credit unions, also federally insured, grew to 18.6 million over the same period, up 50 percent. Credit unions have assets $189 billion in cash, outstanding loans, investments, fixed and other assets, the study says.