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TruStage’s June 2024 Credit Union Trends Report

MADISON, WI (July 10, 2024) — 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 2024

  • Credit union yield-on-asset ratios reached 4.84% in the first quarter of 2024, the highest since 2009.
  • Credit union loan balances fell 0.14% in the first quarter of 2024, the lowest growth rate since 2011.
  • Credit union savings balances rose at a 3.2% seasonally adjusted annual rate, the fastest pace in two years.
  • Credit union earnings fall in the first quarter as credit unions increase provisions for loan losses and operating expenses surge.

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.

Contacts

Allison Fanney
media.relations@LPLFinancial.com

Barclay Pollak
608.665.7188
barclay.pollak@trustage.com

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