CUNA Mutual Group’s April 2023 Credit Union Trends Report
MADISON, WI (May 11, 2023) — 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 2023 (February 2023 data)
- Credit union checking account, savings account and money market deposit account balances are falling as interest rates are rising.
- Credit union loan balances rose 18.4% during the last 12 months.
- The credit union loan delinquency rate (loans two or more months delinquent as a percent of total loans outstanding) rose to 0.67% in February from the 0.46% reported one year earlier.
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.