CUNA Mutual Group’s April 2021 Credit Union Trends Report
MADISON, WI (April 27, 2021) — The Credit Union Trends Report is a monthly “pulse check” on the state of the credit union marketplace, often placed in a historical context. The report includes data from two months prior and is published and distributed by Steven Rick from CUNA Mutual Group.
April 2021 (February data)
- After falling 3.5% in 2020, we expect the U.S. economy to grow at a remarkable 6% in 2021.
- We are forecasting credit union loan growth of only 5% in 2021, down from 5.3% last year.
- On a seasonally adjusted annualized basis, new-auto loan balances rose at a 0.1% pace in February, the first positive growth number since July 2019.
About CUNA Mutual Group
Built on the principle of “people helping people,” CUNA Mutual Group is a financially strong insurance, investment and financial services company that believes a brighter financial future should be accessible to everyone. Through our company culture, community engagement, and products and solutions, we are working to create a more equitable financial system that helps to improve the lives of those we serve and our society.
For more information, visit www.cunamutual.com.