CUNA Mutual has released it January 202 Credit Union Trends Report (based on 11/19 data). The report providse 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. 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 CUNA Mutual Group.
Highlights of the January 2020 report:
- Over the last 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 last 20 years.
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