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(opens in a new window) from CUNA Mutual Group. (Opens in a new window)

December 2020 (October 2020 data)

• Credit union loan balances were unchanged in October, below the 0.6% increase reported in October 2019. 
• Fixed-rate first mortgage loan balances grew a strong 14.8% over the last year but declined slightly in October by 0.3%.
• As of October 2020, CUNA estimates 5,336 credit unions were in operation, down 167 from October 2019.  

Past Reports

Economic Report

December 2020 

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

• The economy is expected to grow 2.5% in 2021, above the 2.5% decline expected for 2020.
• Job growth may turn negative in January as the pandemic winter wave shuts down many sectors of the economy.
• Our latest economic forecasts have the economy expanding at a 4% annualized pace in the fourth quarter.
• The unemployment rate is expected to end 2021 at 6.25%.
• Credit union loan growth is expected to reach 6.0% in 2021.
• Credit union deposit growth is expected to reach 8% in 2021.