CUNA Mutual Group’s January 2021 Credit Union Trends Report
MADISON, WI (February 2, 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.
January 2021 (November 2020 data)
- Credit union loan balances rose 0.05% in November, below the 0.6% pace reported in November 2019.
- Credit union new-auto loan balances fell at a -4.2% seasonally adjusted annual rate in November.
- Credit union return-on-asset ratios came in at 0.65% (annualized) for the first nine months of 2020, the lowest since 2010, due to lower net interest margins, lower fee income, and higher provision for loan losses.
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