Credit Unions begin to capture more borrowers

The credit union industry is experiencing significant growth with more Americans turning to their platforms for new mortgages and loan refinancing options, The New York Times reported Friday. 

The paper quotes leaders with major associations such as the American Credit Union Mortgage Association. And those representatives specifically note a boom in new customers, including younger Americans who may have never considered credit unions in the past. 

Credit unions like Navy Federal and Pentagon Federal are among those facing rapid growth, the New York Times reported.

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