CUNA Mutual Group’s January 2022 Credit Union Trends Report
MADISON, WI (January 31, 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.
January 2022 (November 2021 data)
- We are currently forecasting real gross domestic product to rise 4% in 2022, which is twice the long run average of 2% growth rate.
- Over the last 12 months, total credit union loan balances rose only 6.5%, below the 7.2% long-run average.
- The national homeownership rate fell to 65.4% in the third quarter of 2021, below the 67.4% reported in the third quarter of 2020, due to the surge in home prices and the corresponding fall in housing affordability.
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