Credit Union and Economic Reports

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 TruStage™.

January 2025

• We are forecasting real gross domestic product to rise 2.3% in 2025, slightly above the long-run average of 2%, creating the “soft landing” scenario the Federal Reserve is shooting for.
• Over the past 12 months, total credit union loan balances rose 2.4%, below the 7.2% long-run average.
• Credit union new-auto loan balances fell at a -8.1% seasonally adjusted annual rate in November.
• Credit union loan delinquency rates will fall to 0.90% in 2025 from 0.99% today.
• The average credit union member was sitting on $13,808 in deposits in November 2024, up $411 from the $13,397 set back in November 2023, a 3.1% increase.

Past reports

December 2024

Credit union new-auto loan balances fell 0.1% in October, similar to the decline set in October 2023, and decreased 5.6% during the last year.

November 2024

Credit union loan-to-savings ratios expected to remain above 85% in 2025 for the third year in a row.

Economic report

January 2025

• The U.S. economy grew 2.8% in 2024 but expected to slow to 2.4% in 2025.
• The unemployment rate fell to 4.0% in January, below the 4.5% considered full employment.
• The core Personal Consumption Expenditure price index came in at 2.8% in December on a year over year pace, the same pace as November, and still above the Federal Reserve’s 2% target.
• Credit union loan balances rose only 2.8% in 2024, the slowest pace since 2011.