Credit Union and Economic Reports

The Credit Union Trends Report and Economic Report provide a review and analysis of recent credit union financial performance and operational results in the context of recent economic activity. Data and analysis are provided to establish standards against which credit unions' own performance can be compared.

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 CUNA Mutual Group. (Opens in a new window)

June 2020 (April 2020 data)

  • Credit union credit card loan balances fell 4.3% in April, below the 0.7% rise in April 2019 as the effects of COVID-19 economic lock down were in full force.
  • Credit union fixed-rate first mortgage loan balances rose at a 33% seasonally adjusted annual rate in April, the fastest in credit union history.
  • Credit union savings balances rose a remarkable 4.7% in April, compared to the 0.6% drop reported in April 2019.

Past Reports

May 2020

Our latest economic forecasts have the economy contracting at a 35% annualized pace in the second quarter, and the unemployment rate rising over 20%.
April 2020

The COVID-19 pandemic is expected to decrease credit unions’ loan growth rate to only 2% in 2020, down from 6.5% last year, due to dismal new auto sales and weak home sales.

Economic Report

June 2020 

The Economic & Credit Union Update is a monthly report on the economic factors that impact credit unions’ operations and financial performance.

  • Our latest economic forecasts have the economy contracting at a 30% annualized pace in the second quarter, the unemployment rate remaining over 10% during 2021 and deflationary pressures pushing the inflation rate into negative territory.
  • The Federal Reserve is expected to keep the fed funds interest rate at 0.1% until the unemployment rate returns to around 5% sometime in 2023.
  • The 10-year Treasury interest rate will remain below 1.5% until 2022 due to low inflation expectations and massive quantitative easing by central banks around the world.
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