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Credit union yield on asset ratios hit a record low! Surge in Mergers Forecast in New Trends Report

MADISON, Wis.–Credit union yield on asset ratios hit a record low, and every real estate loan category reported positive growth while every consumer loan category (except used cars) saw negative growth through April, according to the newest CUNA Mutual Trends Report, which is also predicting a “surge” in CU mergers during 2023-26.

The June Trends Report, which is based on CU community data through April of 2021, also predicts loan growth will “accelerate” in 2022 for a number of reasons.

According to the Trends Report, CU yield on asset ratios fell to 3.04% in the first quarter of 2021, the lowest in credit union history. The report notes the ratio has fallen a full one percentage point from the 4.04% set in 2019, right before the COVID-19 pandemic.

Continue at CUToday

 

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