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.