ARLINGTON, Va.—During the third quarter of 2022, credit union membership growth nearly reached the previous record set in 2018, increasing roughly 4.5% year-over-year according to NAFCU’s latest CU Industry Trends report.
The report also found “surging and broad-based” loan growth, with both auto and real estate loans growing nearly 20%. In addition, loan delinquencies remain at historically low levels.
NAFCU pointed to other key data from the report that include:
- Net interest margins recovered somewhat during the quarter, but fee income continues to fall
- Long-term investments are declining but remain elevated since the onset of the pandemic