TruStage’s September 2023 Credit Union Trends Report
MADISON, WI (October 10, 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™.
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.
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.
