CUNA Mutual Group has released its November 2019 Credit Union Trends Report, compiled with data from September.
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, chief economist for CUNA Mutual Group. The Trends Report is intended to provide a review and analysis of recent credit union financial performance and operational results in the context of recent economic activity. Data and analysis are provided to establish standards against which credit unions’ own performance can be compared.
In the most recent report, CUNA Mutual Group found:
- during September, loan balances grew at a 5.7% annualized pace, while savings balances rose at a 9.1% annualized pace;
- new-auto loan balances rose 2.4% during the last 12 months, significantly below the 12.5% increase set in the year ending in September 2018; and
- the credit union loan-to-share ratio is down 0.5% over the last year to 84.7% from 85.2%.
To view the full report, click here.