CU Trends Report Shows Loan Balance Growth

March 20, 2025 |

TruStage™ has issued its latest edition of their monthly CU Trends Report. The report is published and distributed by Steven Rick, TruStage Director and Chief Economist. It provides a “pulse check” on the state of the credit union marketplace and analyzes data from December 2024.

Key findings in the report include:

  • Real home prices rose 3.1% in 2024, almost twice the long run pace of 1.6%.
  • Credit union loan balances are expected to grow 5% in 2025, up from 2.8% in 2024.
  • The personal savings rates averaged only 4.6% recently, below the 6% long run average—creating a headwind for credit union deposit growth.
  • Credit union loan delinquency rates will fall to 0.90% in 2025 from 0.99% today.
  • The credit union movement’s equity-to-asset ratio ended 2024 at 9.7%, up from the 9.1% reported at year-end 2023.
  • Credit unions picked up 3.3 million memberships in 2024, down from the 4 million gains reported in 2023.

Please click here to view a copy of the report.

Rick will be facilitating a Town Hall with Maine Credit Unions on Thursday, April 3 at 1:00 pm. Rick will highlight what he sees on the horizon for credit unions and offer his thoughts on the the economy. Kelley Souza has shared Zoom meeting details for this Town Hall. If you have not been receiving Zoom meeting invitations for Town Halls and would like to add this meeting to your calendar or attend a future Town Hall, please email Souza at ksouza@mainecul.org.