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CUNA Mutual Group’s October 2020 Credit Union Trends Report

MADISON, WI (November 2, 2020) — 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.

October 2020 (August 2020 data)

  • Credit union loan balances rose 0.2% in August, lower than the 0.9% pace reported in August 2019.
  • Credit union new-auto loan balances fell at a 9% seasonally adjusted, annualized growth rate in June, the biggest negative reading since the summer of 2011.
  • Credit union loan-to-share ratios fell to 76.3% in August, down from 83.9% one year earlier.

 


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Allison Fanney
media.relations@LPLFinancial.com

Barclay Pollak
608.665.7188
barclay.pollak@trustage.com

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