CUNA Mutual Group Releases December Trends Report

January 20, 2022 | ,

The December 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 October. Key findings in this edition include the following updates:

  • Interest rates will rise sooner than expected as the economy approaches full employment and inflationary pressures build.
  • Credit union new auto loan balances fell 0.7% in October, slower than the 0.7% rise set in October 2020, and decreased 2.1% during the last year.
  • According to the Core Logic Home Price Index, home prices rose 1.3% in October from September, and 18% year-over-year—the fastest growth since the series began in 1976.

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