July 2018 Credit Union Trends Report

Credit unions picked up 475,000 in new memberships, and loan and savings balances grew at a 9.9% and 5.7% seasonally-adjusted annualized pace, according to the CUNA Mutual Group trends report.

The July 2018 Credit Union Trends Report is now available. Highlights are below as well as a link to the full report.

  • Credit union loan balances rose 1.3% in May, above the 1.2% reported in May 2017 and 3.9% year-to-date.
  • Credit union loan delinquency came in at 0.64% in May, below the 0.74% reported in May 2017, and below the natural delinquency rate of 0.75%.
  • During the first five months of 2018, approximately 78 credit unions ceased to exist because of mergers, purchase, and assumptions, or liquidation.

Read the full report Here