CUNA Mutual Group Releases Summer 2022 Report

July 21, 2022 |

CUNA Mutual Group has released its Summer 2022 Report for credit unions. This timely report can be shared at chapter and credit union meetings.

In addition, the June Trends Report is 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 April. Key findings in this edition include the following updates:

  • Credit union yield-on-asset ratios fall to historic lows in first quarter of 2022.
  • During the first four months of 2022, loan balances rose a remarkable 5.6%—the fastest pace in more than 30 years and double the second fastest pace of 2.8% reported in 2000.
  • Credit unions held 12% of the total household savings in April, the highest in credit union history and up from 11.6% one year ago, 9.2% twenty years ago, and 4.3% forty years ago.