Each month, CUNA Mutual Group publishes a Credit Union Trends Report, a general overview of the health of credit unions in the U.S. The New Jersey Credit Union League posts these monthly reports on its site for member credit unions.
CUNA Mutual Group recently released its March 2012 Credit Union Trends Report, offering January 2012 data. The report, written by Dave Colby, CUNA Mutual Group’s chief economist, is a general overview of U.S. credit unions in the month of January as well as recent economic trends in the industry and the nation as a whole.
According to the report, credit union assets were down in January (at $981.5 billion) but up 5.1% during the last year. As for lending, total loans declined fractionally in January due to usual seasonal factors. At almost $586 billion, year-over-year loan growth improved to 1.5%, the best showing since late 2009. For the second consecutive month, total loans, real estate loans, and vehicle loans all posted positive annual growth.
The report, complete with graphs and figures, also includes credit union consumer installment credit, vehicle loans, real estate secured lending, surplus funds, savings and assets, and much more.
The full report is available to member credit unions on the League Web site at: www.njcul.org/trends.aspx.
This aspect of the NJCUL Web site is limited to members only and it password protected. To request a login, visit http://www.njcul.org/Secure/Register.aspx.