Inland credit unions get stronger
Credit unions continued to grow in the Inland Empire last year, according to data.
About 23,000 people joined an Inland-based credit union between the third quarter of 2017 and the third quarter of 2018, the most recent data available, the Ontario-based California Credit Union League reported.
Twenty two credit unions do business in Riverside and San Bernardino counties, and combined they have approximately 375,000 members.
Inland credit unions distributed $2.2 billion worth of loans during the third quarter, a year-over-year increase of 15 percent, and collected $3.2 billion in deposits, a seven percent increase compared with the third quarter of 2017.
Inland credit unions spent nearly $70 million on employees and operations and employed about 930 people during the third quarter, the credit union league reported.