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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 TruStage™.
March 2024
- Home prices rose more than 6% over the last year, above the 4.1% long run average.
- The credit union industry’s net income to average asset ratio, return on assets, fell to 0.68% in 2023, down from 0.88% in 2022.
- Total credit union memberships reached 142.1 million in January 2024.
- Credit union savings balances fell 0.3% in January due to members paying down credit card balances.
View Trends Report Executive Summary
Past reports
February 2024
The personal savings rates averaged only 4.5% in 2023, below the 6% long run average, creating a headwind for credit union deposit growth.
View Trends ReportJanuary 2023
For the first time in many years, small credit unions reported faster loan growth than larger credit unions because of their greater liquidity.
View Trends ReportEconomic report
March 2024
- The core PCE measure of inflation rose 2.8% during the last year ending in February, approaching the Federal Reserve’s target of 2%.
- The U.S. economy grew 3.4% in the 4th quarter of 2023, above the 2% natural growth rate and increased 3.1% from the 4th quarter of 2022.
- Average hourly earnings rose 4.3% during the last year, above the Federal Reserve’s target of 3.5%.
- The credit union loan-to-asset ratio rose to 71.2% in January, from 69.9% one year ago.
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