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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.

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

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