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 Executive Summary