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 2024
- The Federal Reserve could begin loosening monetary policy as early as September 2024 with a 25-basis point cut in the Federal Funds interest rate.
- Credit union loan growth is dominated by home equity and second mortgages.
- Credit union new auto loan balances fell 3.0% during the last 12 months.
- Credit union savings-per-member rose by $293 during the last year, a 2.2% increase.