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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 TruStage

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. TruStage™ is the marketing name for TruStage Financial Group, Inc. its subsidiaries and affiliates. Corporate headquarters are located in Madison, Wis.

Contacts

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

 

Barclay Pollak
608.665.7188
barclay.pollak@trustage.com

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