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.
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