CUNA Mutual Group’s February 2022 Credit Union Trends Report
MADISON, WI (March 8, 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.
February 2022 (December 2021 data)
- Credit union loan balances rose 7.5% in 2021, up from the 5.3% reported in 2020 and above the 7.2% long run average.
- Credit union new auto loan balances rose 0.3% in December, significantly above the -1.0% pace set in December 2020, but fell 1.0% for the full year.
- The personal savings rate has returned to pre-pandemic rates in the 4th quarter of 2021. During the last 3 months of 2021, consumers saved 7.4% of their disposable income, down from the 16.1% reported in the first half of the year.
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