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October Trends Report Now Available
Tuesday, November 14, 2017 6:45 AM

The latest issue of the Credit Union Trends Report is out, produced monthly by the CUNA Mutual Group and Chief Economist Steve Rick.

  • Credit union loan balances rose 1.1 percent in August, the same pace set in August 2016. During the last 12 months, credit union loan balances increased 10.8 percent, a similar pace as seen during the last 3 years.
  • Savings balances grew at a 6.4 percent seasonally-adjusted, annualized growth rate in August, continuing the downward trend in growth reported over the last year as members spend more of their windfall from low gas prices.
  • Credit union memberships rose a record 543,000 in August, or 0.50 percent, much better than the 483,000 new members, or 0.45 percent, added in August 2016.

Get the scoop on this information and so much more. Go directly to the October 2017 Credit Union Trends Report.