Trends Report Available from CUNA Mutual Posted by AVCU on 2:43 PM

The CUNA Mutual Group Trends Report for June 2019 is now available online. Highlights of the report include:

• In May, credit unions picked up 365,000 new members.
• Credit union loan balances rose 0.6% in April, less than the 0.9% pace reported in April 2018 and 1.4% year-to-date.
• Credit union loan charge-offs fell to 0.57% in the first quarter, down from the 0.60% reported in the first quarter of 2018.
• Credit union surplus funds as a percent of assets fell to 24.5% in April, down from 26.2% last April, as credit unions’ loans grew faster than investments.

The Trends report is based on data from CUNA E&S’s Monthly Credit Union Estimates, the Federal Reserve Board and CUNA Mutual Group – Economics.