Press

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 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.

Contacts

Allison Fanney
media.relations@LPLFinancial.com

Barclay Pollak
608.665.7188
barclay.pollak@trustage.com

More News