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TruStage’s May 2024 Credit Union Trends Report

MADISON, WI (June 12, 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™.

May 2024

  • Credit union loan balances fell 0.02% in March, below the 0.7% rise reported in March 2023, and rose 4.8% during the last 12 months.
  • Home prices rose 0.4% during the last month, and 6.1% during the last year.
  • Credit union savings balances rose 1.6% in March, below the 1.7% gain reported in March 2023.
  • The credit union average equity-to-asset ratio came in at 9.09% in March 2024, slightly below the 9.12% reported at the end of 2023.

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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