LOUISVILLE, Ky. (9/27/13)--Kentucky credit unions increased their lending by 7.2% in the past fiscal year, reported a Louisville, Ky.-based publication bizjournals.com (Sept. 25).
That's better than the national average for credit unions of 5.5%, according to the most recent National Credit Union Administration data.
Louisville's five biggest credit unions--by total assets--increased their outstanding loans by 13.8% from July 1, 2012, to June 30, NCUA said.
The five credit unions are: L&N FCU, Park Community FCU, Kentucky Telco FCU, Class Act FCU and Jefferson County FCU.
Collectively, those five credit unions expanded their membership by 6.6%--besting the national credit union average of 2.2%.