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.