CUNA Mutual Group’s November 2021 Credit Union Trends Report

MADISON, WI (December 15, 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.

November 2021 (September data)

  • Even though we expect market interest rates to rise in 2022, we are forecasting credit union yield-on-asset ratios to fall to a record low 2.70 percentage points.
  • The credit union average loan-to-savings ratio fell to 70.3% in September down from 76.3% in September 2020, due to deposit growth exceeding loan growth.
  • For the first time in credit union history, share drafts make up a larger percent of credit union total deposits (20.2%) than share certificates (14.5%).


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