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)
February 2023 (December 2022 data)
- Credit union loan balances rose 19.4% in 2022, up from the 7.7% reported in 2021.
- Credit union new-auto loan balances grew at a remarkable 21.4% pace in 2022.
- Median single-family home prices fell 2% in December but rose 2% during the last year, which is below the 4% long run average.
Past Reports
January 2023
December 2022
Economic Report
February 2023
The Economic & Credit Union Update is a monthly report on the economic factors that impact credit unions’ operations and financial performance.
- Credit union mortgage originations are expected to fall 15-20% in 2023.
- Inflation slowed to a 6.4% year-over-year pace.
- Short-term interest rates are expected to remain above long-term interest rates during 2023.
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Making Strategic Choices for Growth
To better understand credit unions’ efforts to remain relevant and continue growing in the face of this competitive threat, CUNA Mutual Group commissioned a research project to explore the strategic choices of credit unions.
