Madison, WI (November 14, 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™.
October 2024
- The average credit union member increased their total credit union deposits by $504 over the last year, from $13,420 in August 2023 to $13,942 in August 2024.
- Credit union loan growth expected to rise to 6% in 2025, from 3% in 2024.
- Credit union new auto loan balances fell 0.6% in August, below the 0.1% gain set in August 2023.
- Home prices rose 0.3% in August, according to the S&P Core Logic Case-Shiller Home Price Index and rose 4.2% year-over-year despite the worst housing affordability in almost 40 years.