More consumers lending through credit unions, not banks - KWWL - Eastern Iowa Breaking News, Weather, Closings

More consumers lending through credit unions, not banks

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(NBC) -

For Americans looking to borrow money, bank lending to consumers has slowed in recent months.

But there are places filling in the void -- credit unions.

Credit unions have seen a surge in lending -- so much so that, according to SNL Financial, credit unions pushed the 2014 lending total to the highest level since 2005.

Loans and leases totaled more than $720 billion for the year, jumping 10.4 percent from 2013. 

Analysts have been predicting a rise in non-bank lending as the banking industry faces pressure from increasing regulation. 

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