CUNA Mutual Group’s March 2020 Credit Union Trends Report
MADISON, WI (April 3, 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.
March Report Highlights (January data):
- We expect the economy to contract 5% at a seasonally adjusted annual rate in the first quarter and then a massive 20% in the second quarter.
- The current economic crisis is expected to push credit union loan growth down to only 3% this year.
- We expect credit union deposits to rise by a remarkable 14% this year.
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.
