Credit Union and Economic Reports

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™.

June 2024

• Credit union yield-on-asset ratios reached 4.84% in the first quarter of 2024, the highest since 2009.
• Credit union loan balances fell 0.14% in the first quarter of 2024, the lowest growth rate since 2011.
• Credit union savings balances rose at a 3.2% seasonally adjusted annual rate, the fastest pace in two years.
• Credit union earnings fall in the first quarter as credit unions increase provisions for loan losses and operating expenses surge.

Past reports

May 2024

Credit union loan balances fell 0.02% in March, below the 0.7% rise reported in March 2023, and rose 4.8% during the last 12 months.

April 2024

Credit union loan balances fell 0.1% in February, below the 0.4% gain reported in February 2023.

Economic report

June 2024

• Inflation decelerated to a 3.3% year-over-year pace in May.
• Credit union home equity loan balances rose 24% over the past year, the fastest-growing loan category.
• The U.S. money supply as measured by the monetary aggregate M2 rose 1% ($202 billion) since its low point in October 2023.
• Credit union savings balances rose 2.6% from one year ago, below the 7% long-run average.