CUNA Mutual Group’s May 2021 Credit Union Trends Report
MADISON, WI (May 28, 2021) — 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.
May 2021 (March data)
- The average credit union member had $13,562 in total savings deposits in March 2021, up from $11,307 in March 2020.
- The credit union average capital-to-asset ratio fell to 9.8% in March 2021, down from 11% in March of 2020.
- Credit union new-auto loan balances declined 3.2% in March; a bigger decline compared to the 0.8% drop in March 2020.
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.