TruStage December 2024 Credit Union Trends Report

The TruStage December 2024 Credit Union Trends Report is now available. 

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 TruStage™.
 
Highlights from the Credit Union Trends Report include:

• The U.S. money supply increased $620 billion during the last year, boosting credit union deposit growth rates.
• Credit union loan growth slows to 3.8% during the last year due to high interest rates, tight liquidity and strong competition.
• Credit union new-auto loan balances fell 3.6% year to date, significantly below the 8% expected during a healthy labor market.
• Credit union first mortgage loan originations dropped 8.9% in the first half of 2024 compared to the first half of 2023.