MDI Credit Unions’ Strong Performance Benefits Members and Communities

Minority depository institution credit unions experienced growth in membership, assets, and loans in 2022, expanding access to financial services for their members and communities.

“Minority depository institutions are an essential component of the credit union system, providing access to safe, fair, and affordable financial products and services within under-resourced communities,” NCUA Chairman Todd M. Harper said. “MDIs during 2022 showed us just how essential they are. Not only did they give millions of Americans the chance to build better and more secure financial futures, their performance metrics in several categories were stronger than the credit union system overall.”

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