Source: Callahan & Associates
Total credit union investments increased 0.9%, or $6.3 billion, over the three months since June 30, 2021 and finished the quarter at $707.4 billion. This small increase was a rebound from last quarter's 0.3% drop, which snapped a six-quarter pandemic-spanning streak of increasing investment balances. Cash balances fell 1.1% since June, the second straight quarter of declines after increasing dramatically throughout 2020 and early 2021. Credit unions put this cash to work both through accelerating consumer lending channels and by increasing investments in securities and certificates. These higher-yielding investment balances increased 2.2% over the third quarter.
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