Highlights from the Credit Union Trends Report
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- 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
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Highlights from the Economic Report
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- The U.S. economy is expected to grow 2.4% in 2024 and 2.5% in 2025.
- The unemployment rate rose to 4.2% in November, still below the 4.5% considered full employment.
- The core personal consumption expenditure deflator rose to 2.8% on a year over year pace, above the Federal Reserve’s 2% target.
- The U.S. money supply as measure by M2 rose 3.0% in the year ending in October, significantly below the 5.4% long run average.
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