July 2019 Credit Union Trends Report Now Available

Highlights include:

  • During the first five months of 2019, loan balances rose a modest 1.5%, below the 3.5% reported in the first five months of 2018.
  • Meanwhile credit union savings balances grew 7.1% over the last year, above the 6.1% ten-year average growth rate, due to members’ desire to save rather than spend.
  • At the end of May, CUNA’s monthly estimates reported 5,550 credit unions in operation, six fewer than one month earlier.

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