Madison, WI (March 5, 2025) |
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 2025
- We are forecasting real gross domestic product to rise 2.3% in 2025, slightly above the long-run average of 2%, creating the “soft landing” scenario the Federal Reserve is shooting for.
- Over the past 12 months, total credit union loan balances rose 2.4%, below the 7.2% long-run average.
- Credit union new-auto loan balances fell at a -8.1% seasonally adjusted annual rate in November.
- Credit union loan delinquency rates will fall to 0.90% in 2025 from 0.99% today.
- The average credit union member was sitting on $13,808 in deposits in November 2024, up $411 from the $13,397 set back in November 2023, a 3.1% increase.