TruStage's June 2024 Credit Union Trends Report is now available...

TruStage's June 2024 Credit Union Trends Report is now available.
 
Highlights from the June Report include:

• Credit union yield-on-asset ratios reached 4.84% in the first quarter of 2024, the highest since 2009.
• Credit union loan balances fell 0.14% in the first quarter of 2024, the lowest growth rate since 2011.
• Credit union savings balances rose at a 3.2% seasonally adjusted annual rate, the fastest pace in two years.
• Credit union earnings fall in the first quarter as credit unions increase provisions for loan losses and operating expenses surge.
  
• Credit union fixed-rate first mortgage loan balances rose 0.1% at a seasonally-adjusted annual rate in April, the second slowest in modern history. 
• Credit union mergers expected to surge in the next two years.
  

Directly access the report here.

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