CUNA Mutual Group’s June 2022 Credit Union Trends Report
MADISON, WI (June 30, 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.
June 2022 (April 2022 data)
- Credit union yield-on-asset ratios fall to historic lows in the first quarter of 2022.
- During the first four months of 2022, loan balances rose a remarkable 5.6%, the fastest pace in more than 30 years and double the second-fastest pace of 2.8% reported in 2000.
- Credit unions held 12% of the total household savings in April, the highest in credit union history and up from 11.6% one year ago, 9.2% twenty years ago and 4.3% forty years ago.
TruStage is a financially strong insurance, investment and technology provider, built on the philosophy of people helping people. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities to improve the lives of those we serve. For more information, visit www.trustage.com.