CUNA Mutual Group’s September 2019 Credit Union Trends Report
MADISON, WI (September 19, 2019) — 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.
September Report Highlights (July data):
- Credit union loan balances are up 2.8% year-to-date, around half the 5.5% pace set last year.
- Used-auto loan balances are rising at a remarkably low 2.4% seasonally-adjusted annualized growth rate, which is down from the 8.5% pace reported one year ago.
- Credit unions originated $67.9 billion first mortgage loans in the first half of 2019, a 3.4% decrease below the $70.3 billion in originations in the first half of 2018.
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