Press

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.

 


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

More News