CUNA Mutual Group’s November Credit Union Trends Report
MADISON, WI (November 29, 2016) — CUNA Mutual Group’s November Credit Union Trends Report is now available. Highlights from the report are below:
October 2016:
- Credit union savings balances rose 1.5% in September, greater than the 0.2% gain reported in September 2015, due to the month ending on a payday Friday.
- Credit unions added more than 3.471 million memberships in the first nine months of 2016, the fastest pace in credit union history.
- Loan balances rose 7.8% during the first nine months of this year, slightly below the 8.0% reported for the similar period last year.
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.
