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Credit Union and Economic Reports

The Credit Union Trends Report and Economic Report 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.
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Credit Union Trends Report

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 TruStage™.

April 2024

  • Credit union loan balances fell 0.1% in February, below the 0.4% gain reported in February 2023.
  • Many home buyers have switched to adjustable-rate mortgages which rose 26% over the last year.
  • We are forecasting credit union savings balances to grow 3% in 2024, below the 7% long-run 30-year average.
  • The credit union industry’s average loan net charge-off rate rose to 0.77% in the fourth quarter, from 0.43% one year earlier.
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View Trends Report Executive Summary

Past reports

March 2024

Home prices rose more than 6% over the last year, above the 4.1% long run average.

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February 2024

The personal savings rates averaged only 4.5% in 2023, below the 6% long run average, creating a headwind for credit union deposit growth.

View Trends Report 

Economic report

April 2024

  • Inflation reaccelerated to a 3.5% year-over-year pace in March.
  • Credit Union loan delinquency rates rose to 0.83% in February, above the long run average of 0.75%.
  • The economy is expected to grow 1.9% in 2024, slightly below the natural long run average of 2%.
  • The U.S. money supply as measured by the monetary aggregate M2 fell 2% over the last year, creating liquidity problems for credit unions.
View Economic & Credit Union Update

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