CUNA Mutual Group’s February 2021 Credit Union Trends Report
MADISON, WI (February 24, 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.
February 2021 (December 2020 data)
- Credit union loan balances rose 0.2% in December, below the 0.8% pace reported in December 2019.
- Credit union new auto loan balances rose 0.2% in December, below the 0.4% pace set in December 2019, and fell 3.9% for the full year.
- Fixed-rate first mortgage loan balances rose 14.2% in 2020, the fastest annual pace since the 17.6% reported during the housing bubble of 2008.
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.