Minority Depository Institution Credit Unions See Year of Growth

The National Credit Union Administration announced that it had issued its eighth annual report to Congress on the composition and financial performance of the minority depository institutions (MDI) supervised by the NCUA in 2020. The 2020 Minority Depository Institutions Annual Report is submitted to Congress annually and among the report's highlights, the number of MDI credit unions grew in 2020, and these credit unions expanded membership and increased lending. Shares and deposits were up, as were total assets.