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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.

 


About CUNA Mutual Group

Built on the principle of “people helping people,” CUNA Mutual Group is a financially strong insurance, investment and financial services company that believes a brighter financial future should be accessible to everyone. Through our company culture, community engagement, and products and solutions, we are working to create a more equitable financial system that helps to improve the lives of those we serve and our society. For more information, visit www.cunamutual.com.

Contacts

Rachel Strauch-Nelson
608.665.8220
rachel.strauchnelson@cunamutual.com

Barclay Pollak
608.665.7188
barclay.pollak@cunamutual.com

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