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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.

Contacts

Phil Tschudy
608.665.7188 | philip.tschudy@cunamutual.com

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