March CU Trends Report Available Posted by Association of Vermont Credit Unions on 11:57 AM

The latest issue of the Credit Union Trends Report is out, produced monthly by the CUNA Mutual Group and Chief Economist Steve Rick.

• Credit union loan balances rose 0.9 percent in January, better than the 0.4 percent pace reported in January 2016, and 11.5 percent during the last 12 months.
• Credit union used auto loan balances rose 1.2 percent in January, faster than the 0.7 percent pace set in January 2016, and rose 13.5 percent during the last 12 months.
• Credit union first mortgage originations reached a record $143.2 billion in 2016, a 13 percent increase over the $126.5 billion in originations in 2015.

Steven Rick is the Chief Economist for CUNA Mutual Group in Madison, Wisconsin.  His primary responsibilities include conducting strategic research, analysis, and forecasting of the financial services industry with special emphasis on the consumer and credit union markets.  Steve’s forecasts serve as a starting point for the strategic planning process and help to create a clear understanding of the underlying trends and links between the general economy, the financial services industry, and CUNA Mutual’ s policyowners.