Thursday, October 26, 2017

Credit Union Trends: October

Our October Credit Union Trends Report is now available. The report is a monthly "pulse check" on the state of the credit union marketplace, often placed in a historical context. 

October 2017 Report Highlights: 
  • Credit union loan balances rose 1.1 percent in August, the same pace set in August 2016. During the last 12 months, credit union loan balances increased 10.8 percent, a similar pace as seen during the last 3 years. 
  • Savings balances grew at a 6.4 percent 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. 
  • Credit union memberships rose a record 543,000 in August, or 0.50 percent, much better than the 483,000 new members, or 0.45 percent, added in August 2016.
To access the full report, click here.