How Does Your Credit Union’s Performance Compare?

CUNA Mutual Group has released its August 2019 Credit Union Trends Report, its monthly “pulse check” on the state of the credit union marketplace.

logo cunamutualgroupHere are the highlights of data collected from June 2019:

• Credit union loan balances rose 0.7% in June, slower than the 1.1% pace reported in June 2018.
• Credit union loan balances grew at a 5.2% seasonally adjusted, annualized growth rate in June, half the pace set over the last five years.
• Credit union loan delinquency rates fell to 0.51% in June, down from 0.67% one year earlier as the strong economy has pushed the labor market beyond full employment allowing members to stay current on their debt.

View the entire CUNA Mutual Group August 2019 Trends Report here.