TruStage Shares November Credit Union Trends Report

December 30, 2024 |

(From TruStage™) – The November Credit Unions Trends Report is now available. The report is published and distributed by Steven Rick, TruStage Director and Chief Economist. It provides a monthly “pulse check” on the state of the credit union marketplace, analyzing data from September 2024.

Key findings in the report include:

  • Credit union loan-to-savings ratios expected to remain above 85% in 2025 for the third year in a row.
  • Credit union used auto loan growth is the slowest on record, falling 3.9%.
  • The OFHEO House Price Index rose 4.3% over the last year ending in the third quarter, above the 4.0% long run average.
  • The credit union system’s equity-to-asset ratio rose to 9.7% in September, up from 9.6% in August and 8.7% in September 2023.