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™.

November 2024

• Credit union loan-to-savings ratios expected to remain above 85% in 2025 for the third year in a row.
• Credit union used auto loan growth is the slowest on record, falling 3.9%.
• The OFHEO House Price Index rose 4.3% over the last year ending in the third quarter, above the 4.0% long run average.
• The credit union system’s equity-to-asset ratio rose to 9.7% in September, up from 9.6% in August and 8.7% in September 2023.

Past reports

October 2024

The average credit union member increased their total credit union deposits by $504 over the last year, from $13,420 in August 2023 to $13,942 in August 2024.

September 2024

The U.S. money supply increased $620 billion during the last year, boosting credit union deposit growth rates.

Economic report

November 2024

• The U.S. economy is expected to grow 2.4% in 2024 and 2.5% in 2025.
• The unemployment rate rose to 4.2% in November, still below the 4.5% considered full employment.
• The core personal consumption expenditure deflator rose to 2.8% on a year over year pace, above the Federal Reserve’s 2% target.
• The U.S. money supply as measure by M2 rose 3.0% in the year ending in October, significantly below the 5.4% long run average.