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.
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