Credit union loan books show strong growth, says report

Almost two-thirds of credit unions paid a dividend last year

Ronan Kilbane of RBK said credit Unions are improving efficiency with lower wages-to-income ratios and stronger loan book growth.

Credit Unions are improving efficiency with lower wages-to-income ratios and stronger loan book growth, and most paying a dividend to members, according to 13th Annual Credit Union Benchmarking Report by accountancy firm RBK.

The report, carried out in March and April, reported steady loan growth of 9% for community credit unions, while industrial credit unions demonstrate substantially stronger performance. Home improveent and car loans were a particular strength.