The April 2022 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 February. Key findings in this edition include the following updates:
- The economy, as measured by the growth in real GDP, is expected to rise 3% in 2022, which is slower than the very fast 5.7% pace set in 2021.
- Credit union loan balances rose 9.6% during the last 12 months, the fastest pace since 2017.
- The credit union loan delinquency rate (loans two or more months delinquent as a percent of total loans outstanding) fell to 0.46% in February from the 0.52% reported one year earlier.