Trends Report: CU Loan Growth Slows; Inflation May Be Around Longer Than Expected

The October 2021 Credit Union Trends Report is now available.

• The rapid growth rate in the nation’s money supply could keep inflation around longer than expected.
• During the last 12 months, credit union loan balances increased 5.5%, slightly slower than the 6.6% pace set in the year ending August 2020 and below the 7% long-run credit union average loan growth.
• Home prices rose 1.3% in August from July, according to the Core Logic Home Price Index, and 18.1% year-over-year. This is the fastest annual growth ever recorded going back over 40 years.