TruStage’s July 2023 Credit Union Trends Report
MADISON, WI (August 9, 2023) — 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™.
July 2023
- Despite lower headline inflation, the Federal Reserve will keep raising interest rates in 2023.
- Credit union loan balances rose 0.6% in May, much slower than the 2.1% pace reported in May 2022.
- Credit union savings-per-member declined by $381 during the last year, the largest in credit union history.
View Trends Report
View Trends Report Executive Summary
About TruStage
TruStage is a financially strong insurance, investment and technology provider, built on the philosophy of people helping people. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities to improve the lives of those we serve. For more information, visit www.trustage.com.
