Credit union members are boosting their savings despite a number of factors that could easily affect their progress.
Member savings were up 3.2% year-to-date and 5% year over year, according to CUNA Mutual Group's September Credit Union Trends Report, which tracked data through July.
The growth comes in the face of seasonal drawdowns, pay cycle lows and deposit yields remaining at record lows, the report noted.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 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.
