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September 2023 Credit Union Trends Report from TruStage

Credit union first mortgage loan originations dropped 52% in the first half of 2023 compared to the first half of 2022. TruStage tracks that and other key economic trends in its latest Credit Union Trends Report.

Highlights from the September 2023 (July 2023 data) Credit Union Trends Report also include:

  • The U.S. money supply has dropped over $1 trillion since April 2022, the first decline in 75 years.
  • Credit union new auto loan balances are rising at a rate that is only 1/5 the pace expected during a healthy labor market.

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 September 2023 Credit Union Trends Report in its entirety here.

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