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

• The Federal Reserve could begin loosening monetary policy as early as September 2024 with a 25-basis point cut in the Federal Funds interest rate.
• Credit union loan growth is dominated by home equity and second mortgages.
• Credit union new auto loan balances fell 3.0% during the last 12 months.
• Credit union savings-per-member rose by $293 during the last year, a 2.2% increase.

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 July 2024 Credit Union Trends Report in its entirety here.

(Log-in May be Required)