CUNA Mutual Group’s March 2022 Credit Union Trends Report
MADISON, WI (March 25, 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.
March 2022 (January 2022 data)
- With assets growing faster than loans during the last 12 months, credit unions’ loan-to-asset ratio fell to 61.3% in January 2021, from 63.1% one year ago
- Credit union loan growth rose to 7.5% in 2021, up from 5.3% in 2020 which was slightly above the 7.2% long run average
- Home prices rose a large 1.4% in January from December, according to the Core Logic Home Price Index, and 19.1% year-over-year, the quickest pace in 45 years
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.