CUNA Mutual Group Releases November Trends Report

December 14, 2021 |

The November 2021 CU Trends Report is now available. This monthly report, published and distributed by CUNA Mutual Group’s Director and Chief Economist Steven Rick, provides a review and analysis of recent credit union financial performance and operational results.

The report reviews data from September. Key findings in this edition include the following updates:

  • Yield-On-Asset Ratios: Even though we expect market interest rates to rise in 2022, CUNA Mutual Group is forecasting credit union yield-on-asset ratios to fall to a record low 2.70 percentage points.
  • Loan Growth: The credit union average loan-to-savings ratio fell to 70.3% in September, down from 76.3% in September 2020 due to deposit growth exceeding loan growth.
  • Share Drafts: For the first time in credit union history, share drafts make up a larger percent of credit union total deposits (20.2%) than share certificates (14.5%).

To view past Trends Reports, visit CUNA Mutual Group’s website.