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™.
September 2023
- The U.S. money supply has dropped over $1 trillion since April 2022, the first decline in 75 years.
- Credit union new auto loan balances are rising at a rate that is only 1/5 the pace expected during a healthy labor market.
- Credit union first mortgage loan originations dropped 52% in the first half of 2023 compared to the first half of 2022.