WASHINGTON–Investment yield at credit unions is now at the highest rate since the fourth quarter of 2011, according to the latest quarterly investment trends review released by Trust for Credit Unions (TCU).
According to the review, the average yield on investments gained 10 basis points from the first quarter, rising to 1.54% at end of the June 2017. In the fourth quarter of 2011, average investment yield peaked at 1.63%, according to the analysis.
As of June 30, 2017, credit unions held $383.1 billion in investments, a 4.8% decrease from the 1st quarter, Trust for Credit Unions reported. “Seasonality affects investments as loans increase and liquidity decreases in the latter three quarters of the year,” the company said.
“Despite the quarterly decline, investment balances are up 1.3% over 2016’s second quarter figure, $378.3 billion.”
The quarterly investment review is a complimentary resource available to interested credit unions courtesy of TCU. The report includes the latest credit union data including average yield on investments, investment composition and maturity breakdowns along with high-level analysis of investment trends for the entire industry. For info: www.trustcu.com.