May 2023 Credit Union Trends Report Now Available

June 14, 2023 |

The May 2023 Credit Union Trends Report is now available. The report is published and distributed by Steven Rick, TruStage™ Director and Chief Economist. It provides a monthly “pulse check” on the state of the credit union marketplace, analyzing data from March 2023.

Key highlights from the May report include:

  • Credit union loan balances rose 0.8% in March, below the 1.7% reported in March 2022, and 17.4% during the last 12 months.
  • Credit union new-auto loan balances rose 0.4% in March; a big drop compared to the 1.3% jump in March 2022.
  • Home prices rose 0.2% in February from January, according to the S&P Core Logic Case Shiller Home Price Index, and 2% year over year.