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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™.

January 2024

  • For the first time in many years, small credit unions reported faster loan growth than larger credit unions because of their greater liquidity.
  • Home prices rose 4.8% during the last year, pushing housing affordability to the lowest in 4 decades.
  • Credit union new-auto loan balances were falling at a -2.5% annualized pace in November.
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View Trends Report Executive Summary


Past reports

December 2023

The core PCE deflator, which excludes food and energy prices and is the Federal Reserve’s preferred inflation gauge, rose only 0.1% in November and 3.2% during the last 12 months.

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November 2023

Members’ excess savings accumulated during the COVID-19 pandemic have been eliminated.

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Economic report

January 2024

  • During the last year the number of credit unions fell by 4.2%, above the long run trend of 3.5%.
  • The unemployment rate remained at a very low 3.7% in December, below the 4.5% considered to be full employment.
  • The Consumer Price Index rose 3.1% during the last year, approaching the Federal Reserve’s target of 2.0%.
  • The credit union loan-to-savings ratio rose to 86.1% in October, the highest in January 2019.
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