CUNA Mutual Group March Trends Report Data Now Available

April 18, 2023 |

CUNA Mutual Group has released its March Trends Report. This monthly report, published and distributed by Steven Rick, CUNA Mutual Group’s Director and Chief Economist, provides a review and analysis of recent credit union financial performance and operational results.

The report reviews data from January 2023. Key findings in this edition include the following updates:

  • The Federal Reserve raised interest rates 4.75 percentage points during the last 12 months, slowing credit union lending.
  • Credit unions’ loan-to-asset ratio rose to 70.5% in January 2023, up from 61.8% one year ago.
  • The savings-per-member ratio fell 2.1% during the last year, the first time since 1995.