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TruStage’s August 2023 Credit Union Trends Report

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%.

View Trends Report

View Trends Report Executive Summary

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