CUNA Mutual Group’s March 2023 Credit Union Trends Report
MADISON, WI (April 13, 2023) — 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 2023 (January 2023 data)
- The Federal Reserve raised interest rates 4.75 percentage points during the last 12 months, slowing credit union lending.
- Credit unions’ loan-to-asset ratio rose to 70.5% in January 2023, up from 61.8% one year ago.
- The savings-per-member ratio fell 2.1% during the last year, the first time since 1995.
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