March 2019 CU Trends Report from CUNA Mutual Group Now Available

The March 2019 Credit Union Trends Report is now available.

Credit Union and Economic Reports
The Credit Union Trends Report and Economic Report provide a review and analysis of recent credit union financial performance and operational results in the context of recent economic activity. Data and analysis are provided to establish standards against which credit unions' own performance can be compared.

Credit Union Trends Report
The Credit Union Trends Report is a monthly "pulse check" on the state of the credit union marketplace, often placed in a historical context. The report includes data from two months prior and is published and distributed by Steven Rick from CUNA Mutual Group.

Highlights of the report include:

  • Credit union loan balances rose 0.3% in January, lower than the 0.4% pace reported in January 2018, and 9% during the last 12 months.
  • Credit union loan delinquency rates remained at 0.67% in January, the same as December, but is down from 0.81% from one year ago.
  • The credit union capital-to-asset ratio rose to 11.1% in January, up from 10.7% last January.

Highlights from the Economic and Credit Union Update include:

  • The economy grew 3.1% in 2018, but is expected to slow to a 2.3% pace in 2019.
  • The economy added 2.674 million jobs in 2018, with another 2.1 million expected to be added in 2019, a 1.4% increase.
  • Credit union loan growth slowed to 8.9% in 2018, with only 8% growth expected for 2019.
  • Credit union savings balances grew only 5.2% in 2018, with 7% growth expected for 2019.
  • Credit union capital-to-asset ratios rose to 11.3% in 2018, the highest since 2007.