TruStage’s May 2023 Credit Union Trends Report
Credit union loan balances rose 18.4% during the last 12 months. TruStage tracks that and other key economic trends in its latest Credit Union Trends Report.
Highlights from the May 2023 (March 2023 data) Credit Union Trends Report include:
• Credit union loan balances rose 0.8% in March, below the 1.7% reported in March 2022, and 17.4% during the last 12 months.
• Credit union new-auto loan balances rose 0.4% in March; a big drop compared to the 1.3% jump in March 2022.
• Home prices rose 0.2% in February from January, according to the S&P Core Logic Case Shiller Home Price Index, and 2% year over year.
The trends report includes data from the previous two months and is published and distributed by Steven Rick, Chief Economist from TruStage. You can review the May 2023 Credit Union Trends Report in its entirety here.
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