Friday, December 17, 2010 9:12:26 AM
CUNA Mutual Group recently released its December 2010 Credit Union Trends Report. The report, written by Dave Colby, CUNA Mutual Group's chief economist, is a general overview of the health of U.S. credit unions in the month of October as well as recent economic trends in the industry and the nation as a whole.
According to the report, total assets of the 7,647 credit unions in the U.S. at the end of October grew to almost $936 billion as deposits increased, though loans fell - 55% of all credit unions reported loan portfolio declines. Comparing total lending in the areas of total loans, vehicle loans, and real estate secured loans to past years, the report shows a decline in total loans of 1.2% year-to-date and includes a number of graphs illustrating the trends in all three loan areas.
The report also covers trends in membership, capital-to-asset ratio, loan delinquency rates, consumer installment credit, and much more. Complete with easy-to-read graphs and explanations of data and trends, the report is a comprehensive overview of the credit union industry as a whole in the context of the U.S. economy.
The CUNA Mutual Group December 2010 Credit Union Trends Report is available here.