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.