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November 2023 Credit Union Trends Report from TruStage

Credit union used-auto loan balances grew at a remarkably low 0.8% seasonally adjusted annualized growth rate in September, the slowest pace since 2006.

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

  • Members’ excess savings accumulated during the COVID-19 pandemic have been eliminated..
  • Credit union loan-to-savings ratios are expected to reach a 44-year high in 2024.

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 November 2023 Credit Union Trends Report in its entirety here.

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