Print
The October 2018 Credit Union Trends Report from CUNA Mutual Group is now available. The report shows trends based on data collected in August 2018. Highlights include:
- Credit unions picked up 706,000 in new memberships in August. This 0.6% membership increase is up from the 0.43% gain reported in August 2017 and is the fastest growth rate since May 2003.
- Credit union loan balances grew at a 9.8% seasonally adjusted annualized pace and savings balances rose at a 7.8% annualized rate.
- Total credit union assets rose 1.3% in August due to a 1.4% increase in savings, a 0.8% increase in capital and a 1% decrease in borrowings. Assets rose 6.6% during the past year due to a 6.6% increase in deposits and a 6.5% increase in capital; borrowing also rose 9%.
- Credit union capital-to-asset ratios were 10.7% in August, the same as reported one year ago. Credit union loan delinquency rates fell to 0.66% in August, down from 0.77% one year earlier due to a stronger economy and double-digit loan growth.
Click here to see the full report.