January 2024 Credit Union Trends Report from TruStage
For the first time in many years, small credit unions reported faster loan growth than larger credit unions because of their greater liquidity. The Credit Union Trends Report also includes:
- Home prices rose 4.8% during the last year, pushing housing affordability to the lowest in 4 decades.
- Credit union new-auto loan balances were falling at a -2.5% annualized pace in November.
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 January 2024 Credit Union Trends Report in its entirety here.
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