TruStage’s May 2023 Credit Union Trends Report
MADISON, WI (June 23, 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™.
May 2023
- Credit union loan balances rose 0.8% in March, below the 1.7% reported in March 2022, and 17.4% during the last 12 months.
- Credit union new-auto loan balances rose 0.4% in March; a big drop compared to the 1.3% jump in March 2022.
- Home prices rose 0.2% in February from January, according to the S&P Core Logic Case Shiller Home Price Index, and 2% year over year.
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.
