CUNA Mutual Group has released its January 2020 Credit Union Trends Report, compiled with data from November.
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:
- Over the past 12 months, total credit union loan balances rose only 6.2%, below the 7.9% long-run average.
- Credit union new-auto loan balances fell at a -3.4% seasonally adjusted annual rate in November, significantly below the double-digit pace set during 2012–2018.
- Credit union capital balances grew 11.3% in the year ending in November, significantly above the 7% average set over the past 20 years.
To view the full report, click here.