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 is published and distributed by Steven Rick from CUNA Mutual Group. View Steven's biography.
- Total credit union memberships reached 113.4 million in October, 4.7% more than October 2016 and the fastest pace in more than 25 years.
- Credit union loan balances rose 0.9% in October, faster than the 0.7% pace reported in October 2016.
- Savings balances grew at a 5.2% seasonally-adjusted annualized growth rate in October, below the 7% reported one year earlier.
Click here to view the supplemental report: Economic & Credit Union Monthly Update, November 2017
Credit unions added more than 3.964 million memberships in the first nine months of 2017, the fastest pace in credit union history, and significantly above the 3.539 million added in the similar time period of 2016.
Savings balances grew at a 6.4% seasonally-adjusted, annualized growth rate in August, continuing the downward trend in growth reported over the last year as members spend more of their windfall from low gas prices.