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 TruStage™.
August 2023
- Credit union credit card lending is growing at the fastest pace on record as banks tighten their lending standards.
- Mortgage interest rates hit the highest level in more than 22 years, limiting the number of homes for sale.
- Certificate of deposit balances are growing at the fastest pace in credit union history as interest rates rise above 5%.