Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-table-builder domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-table-builder domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114
Steve Rick – October 2024 Credit Union Trends Report

Steve Rick – October 2024 Credit Union Trends Report

Highlights from the Credit Union Trends Report

        • The average credit union member increased their total credit union deposits by $504 over the last year, from $13,420 in August 2023 to $13,942 in August 2024.
        • Credit union loan growth expected to rise to 6% in 2025, from 3% in 2024.
        • Credit union new auto loan balances fell 0.6% in August, below the 0.1% gain set in August 2023.
        • Home prices rose 0.3% in August, according to the S&P Core Logic Case-Shiller Home Price Index and rose 4.2% year-over-year despite the worst housing affordability in almost 40 years.

Highlights from the Economic Report

        • The U.S. economy is expected to grow 2.4% in 2024 and 2% in 2025.
        • The unemployment rate fell to 4.1% in September, below the 4.5% considered full employment.
        • The core personal consumption expenditure deflator rose to 2.7% on a year over year pace, above the Federal Reserve’s 2% target.
        • The U.S. money supply as measure by M2 rose 2.0% in the year ending in August, significantly below the 5.4% long run average.

Read Reports