CUNA Mutual Group Releases November Trends Report

The November 2021 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 September. Key findings in this edition include the following updates:

  • Yield-On-Asset Ratios: Even though we expect market interest rates to rise in 2022, CUNA Mutual Group is forecasting credit union yield-on-asset ratios to fall to a record low 2.70 percentage points.
  • Loan Growth: The credit union average loan-to-savings ratio fell to 70.3% in September, down from 76.3% in September 2020 due to deposit growth exceeding loan growth.
  • Share Drafts: For the first time in credit union history, share drafts make up a larger percent of credit union total deposits (20.2%) than share certificates (14.5%).

To view past Trends Reports, visit CUNA Mutual Group’s website.