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.
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.