CUNA Mutual Group’s May Credit Union Trends Report
MADISON, WI (May 25, 2017) — CUNA Mutual Group’s May Credit Union Trends Report is now available. Highlights from the report follow.
May 2017:
- Credit union loan balances rose 0.9% in March, slower than the 1.1% pace reported in March 2016, and 11.3% during the last 12 months.
- Credit union loan delinquency rates fell to 0.74% in March, below the 0.75% natural long-run rate.
- Credit union savings balances surged 2.6% in March, significantly above the 1.6% gain reported in March 2016, due to March ending on a payroll Friday and the seasonal factors of tax refunds and bonuses.
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