According to CUNA Mutual Group's May "Credit Union Trends Report," member business loans continued to be the front runner as total loans were down 1.5% year to date.
At $579 billion, the total loan portfolio was down 0.4% over the past year, with declines reported in six of the past seven months, the report showed, which tracked data through March. The last time CUs experienced loan portfolio contraction at this level was mid-1982, according to CUNA Mutual Chief Economist Dave Colby.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
