TruStage’s June 2023 Credit Union Trends Report
MADISON, WI (July 10, 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™.
June 2023
- Credit union yield on asset ratios rose to 4.06% in the first quarter of 2023, the highest since 2010 and approaching the 4.6% long-run average.
- Credit union loan balances rose 0.6% in April, almost a third of the 1.7% pace reported in April 2022, and 16.2% during the last 12 months.
- Credit union savings balances are declining at a -1% seasonally adjusted annual rate, the first drop in modern 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.
TruStage™ is the marketing name for TruStage Financial Group, Inc. its subsidiaries and affiliates. Corporate headquarters are located in Madison, Wis.
