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Auto Lending Trends: Chip Shortage Costs The Industry $210 Billion In 2021

Vehicle production continues to suffer in 2022 and experts predict effects to ripple into 2023 and beyond.
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Remaining Competitive In A Banking Market Filled With Disruption

Sustainable success requires continuous reinvention, adaptation, and a willingness to innovate.
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Industry Performance: Human Capital (4Q21)

Attracting top talent now involves competing with the whole country, not just the shop down the street, and cooperatives are doing what they can to ...
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Industry Performance: Investments (4Q21)

Cooperatives are using cash to meet rebounding loan demand and invest in higher-yielding securities and investments.
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Industry Performance: Auto (4Q21)

Vehicles are selling, but credit unions must consider the risks of financing less reliable used cars at all-time-high prices.
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Industry Performance: Earnings (4Q21)

Low loan rates are attractive to members, and credit unions have managed to offset interest spread compression through controlling or deferring expenses
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Industry Performance: Member Relationships (4Q21)

Inflation and international trade sanctions cast shadows over member spending behavior in the near future.
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Industry Performance: Shares (4Q21)

Consumers spent at pre-pandemic levels through the second half of the year.
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Industry Performance: Loans (4Q21)

Lenders reported a record year for originations in 2021 despite rising asset prices and rates increases, both of which were substantively driven by inflationary pressures. ...
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Industry Performance: Mortgages (4Q21)

Larger average mortgage balances have offset the reduced pipeline, and credit unions are holding these loans on their balance sheets at greater rates.
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