CUNA Mutual Group’s October Credit Union Trends Report is now available. Highlights from the report are below:
October 2016:
- Credit union loan balances rose 1.1% in August, the same pace set in August 2015.
- Today credit unions have 7.1% of the first mortgage origination market, up from 2.6% a decade ago.
- Credit union consumer installment credit loan balances (auto, credit card and other unsecured loans) rose 1.9% in August, more than twice as fast as the 0.9% pace set in August 2015.