Wednesday, May 18, 2011 12:11:00 PM
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 May 2011 Credit Union Trends Report, offering April 2011 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 April as well as recent economic trends in the industry and the nation as a whole.
First quarter savings and asset growth remained strong (savings +3.0% and assets +2.7%). Loans fell again in March, but the annual rate of contraction has slowed to 0.9%. The report also points out that Loan portfolio declines and a deposit surge pushed the loan-to-share ratio to .4%, the lowest level in three years.
The report also includes statistics on vehicle lending growth, and real estate growth rates as well as Savings and assets and surplus funds.
The full report is available to member credit unions on the League Web site at http://www.njcul.org/trends.aspx.