CUNA Mutual Group’s November 2022 Credit Union Trends Report
MADISON, WI (December 5, 2022) — 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 2022 (September data)
- Savings per member is falling at the fastest pace in 22 years.
- The credit union average loan-to-savings ratio rose to 79% in September, up from 70.4% in September 2021.
- Home prices fell for the third consecutive month but are still up 11.4% compared to one year ago.
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.