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TruStage’s December 2024 Credit Union Trends Report

Madison, WI (January 23, 2025) |

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™.

December 2024

  • Credit union new-auto loan balances fell 0.1% in October, similar to the decline set in October 2023, and decreased 5.6% during the last year.
  • Credit union savings balance growth returned to its 7% long run average.
  • The annual contraction rate of the credit union industry, 3.3%, falls below its long run average of 3.5%.
  • Year-to-date, credit union consumer installment credit fell 1.1%, significantly below the 4.2% gain reported through October in 2023.

View Trends Report

View Trends Report Executive Summary

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