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™.
November 2023
- Members’ excess savings accumulated during the COVID-19 pandemic have been eliminated..
- Credit union loan-to-savings ratios are expected to reach a 44-year high in 2024.
- Credit union used-auto loan balances grew at a remarkably low 0.8% seasonally adjusted annualized growth rate in September, the slowest pace since 2006.