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)

July 2020 (May 2020 data)

  • Credit union loan balances rose a 1% in May, faster than the 0.6% pace reported in May 2019 due to record setting first mortgage loan originations.
  • Credit union fixed-rate first mortgage loan balances rose 33.6% at a seasonally adjusted annual rate in May, the fastest in credit union history.
  • Credit union savings balances grew at a 21% seasonally-adjusted, annualized growth rate in May, the fastest pace since August 1986 which was during the height of the Savings-and-Loan Crisis.   

Past Reports

June 2020

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.
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%.

Economic Report

July 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 5.3% annualized pace in 2020, and then growing 4% in 2021.
  • The unemployment rate is expected to end 2021 at 8%.
  • Credit union loan growth is expected to reach 5.9% in 2020, due to record setting fixed-rate first mortgage loan originations.
  • Credit union deposit growth is expected to reach 17% in 2020, up from 8.2% in 2019.
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