CUNA Mutual Group’s June 2020 Credit Union Trends Report
MADISON, WI (June 25, 2020) — 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.
June 2020 (April 2020 data)
- Credit union credit card loan balances fell 4.3% in April, below the 0.7% rise in April 2019 as the effects of COVID-19 economic lock down were in full force.
- Credit union fixed-rate first mortgage loan balances rose at a 33% seasonally adjusted annual rate in April, the fastest in credit union history.
- Credit union savings balances rose a remarkable 4.7% in April, compared to the 0.6% drop reported in April 2019.
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