CUNA Data Analyst Paul Hellman dives into the Federal Reserve’s Survey of Consumer Finances in CUNA’s latest Economic Update. The update is a monthly video review of financial developments that affect credit unions and credit union members.

Highlights from the data involve the percentage of households using credit unions, changes in credit applications, and more.

Hellman also looks at data relating to:

• Aging credit union membership.
• Less labor force participation among credit union members,
• Lending implications in the credit union system.
• The need to attract more people to credit union membership.

He also discusses a paper he co-authored with former CUNA Senior Economist Jordan van Rijn exploring evidence and implications of better credit union prices when it comes to auto lending.