CUNA Mutual Group’s March Credit Union Trends Report is now available. Highlights from the report follow.
March 2017:
- Credit union loan balances rose 0.9% in January, better than the 0.4% pace reported in January 2016, and 11.5% during the last 12 months.
- Credit union used auto loan balances rose 1.2% in January, faster than the 0.7% pace set in January 2016, and rose 13.5% during the last 12 months.
- Credit union first mortgage originations reached a record $143.2 billion in 2016, a 13% increase over the $126.5 billion in originations in 2015.