CUNA Mutual Group Releases April 2022 Trends Report

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.