Credit union industry stats and performance trends: Q3 2021

by Michael Dippo, SWBC LenderHUB

Each quarter, CU Data releases a statistics and trends report. The report gives our team insights into what the industry is experiencing and how that will impact our clients and their members. In this blog post, I’d like to share some highlights and notable KPIs from the Q3 2021 report.

This year has been a better recovery year than originally anticipated, although there are plenty of concerns looking forward to 2022, especially with the prospects of higher inflation and continued disruptions caused by supply chain issues. Here is a brief summary of CU Data’s report:

  • Credit unions continue to see an inflow of new deposits from members, albeit at a slower pace than last year.
  • YTD net loan growth has slowed as members pay down debt and supply chain issues continue to hamper new car sales.

 

continue reading »