Search
 

Savings Slump in October After Boost in September

After a glimmer of hope in September, credit union savings growth at this point is not getting any better, according to CUNA's latest data.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON — After a glimmer of hope in September, credit union savings growth at this point is not getting any better, according to CUNA’s latest data.

“The surge in savings growth we saw in September was not repeated in October,” CUNA Chief Economist Bill Hampel said. “Savings slinked back again into negative territory in October, so we are once again on track to have 2006 be the weakest year for savings inflows into credit unions since World War II.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.