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


Allison Fanney

Barclay Pollak

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