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June 2024 Credit Union Trends Report from TruStage

TruStage released its latest Credit Union Trends Report with a look at how credit unions performed through April 2024.

  • Credit union loan balances fell 0.14% in the first quarter of 2024, the lowest growth rate since 2011.
  • Credit union savings balances rose at a 3.2% seasonally adjusted annual rate, the fastest pace in two years.
  • Credit union earnings fell in the first quarter as credit unions increased provisions for loan losses and operating expenses surge.
  • Credit union yield-on-asset ratios reached 4.84% in the first quarter of 2024, the highest since 2009.

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 June 2024 Credit Union Trends Report in its entirety here.

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