CUNA Mutual Group’s December 2022 Credit Union Trends Report
MADISON, WI (December 22, 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.
December 2022 (October data)
- On December 14th, the Federal Reserve announced another 0.5 percentage point increase in the Fed Funds interest rate to bring the target range to 4-1/4 to 4-1/2.
- Credit union loan balances rose 1.4% in October, above the 1.0% increase reported in October 2021.
- Vehicle sales rose 11% to 15.1 million units in October on a seasonally adjusted annualized sales rate, up from the 13.6 million reported in September.
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