During the first eight months of the year, credit union deposits rose only $12.4 billion, down from the $60 billion increase reported during the first eight months of 2022.

Highlights from the October 2023 (August 2023 data) Credit Union Trends Report also include:

• Credit union new auto loan balances rose only 0.2% in August, below the 2.3% pace set in August 2022.
• Home prices rose 0.6% in July, according to the S&P Core Logic Home Price Index and rose 1% year-over-year despite the worst housing affordability in almost 40 years.

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 October 2023 Credit Union Trends Report in its entirety here.

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