TruStage’s November 2023 Credit Union Trends Report
MADISON, WI (December 12, 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™.
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.
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.
