CUNA Mutual Group’s November 2019 Credit Union Trends Report
MADISON, WI (November 21, 2019) — 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.
November Report Highlights (September data):
- During September, loan balances grew at a 5.7% annualized pace, while savings balances rose at a 9.1% annualized pace.
- New-auto loan balances rose only 2.4% during the last 12 months, significantly below the 12.5% increase set in the year ending in September 2018
- The credit union loan-to-share ratio is down 0.5% over the last year to 84.7% from 85.2% due to loan growth falling short of savings deposits growth.
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