CUNA Mutual Group’s April 2022 Credit Union Trends Report
MADISON, WI (May 2, 2022) — 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 2022 (February 2022 data)
- We expect the economy, as measured by the growth in real GDP, to rise by 3% in 2022 which is slower than the very fast 5.7% pace set in 2021.
- Credit union loan balances rose 9.6% during the last 12 months, the fastest pace since 2017.
- The credit union loan delinquency rate (loans two or more months delinquent as a percent of total loans outstanding) fell to 0.46% in February from the 0.52% reported one year earlier.
About TruStage
TruStage is a financially strong insurance, investment and technology provider, built on the philosophy of people helping people. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities to improve the lives of those we serve. For more information, visit www.trustage.com.
