CUNA Mutual Group’s August 2019 Credit Union Trends Report
MADISON, WI (August 20, 2019) — 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.
August Report Highlights (June data):
- Credit union loan balances rose 0.7% in June, slower than the 1.1% pace reported in June 2018
- Credit union loan balances grew at a 5.2% seasonally-adjusted, annualized growth rate in June, half the pace set over the last 5 years
- Credit union loan delinquency rates fell to 0.51% in June, down from 0.67% one year earlier as the strong economy has pushed the labor market beyond full employment allowing members to stay current on their debt
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