The credit union industry avoided much of the financial distress of the 1980s because of the short maturity and relatively lower credit risk of their assets.

Question

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The credit union industry did indeed avoid much of the financial distress of the 1980s due to the nature of their assets. Credit unions focused on short-term, low-risk loans that helped them weather the economic turbulence of that era.

The Credit Union Industry Avoided Much of the Financial Distress