September 2-5

ELEVATE - Dallas, TX

September 3-5

Credit Union Leadership Symposium - Boston, MA

September 7-10

America's Credit Unions Congressional Caucus - Washington D.C.

September 10-12

AKUVO Community Conference - Phoenix, AZ

September 15-18

Collections & Bankruptcy School - Louisville, KY

September 17-19

Annual Iowa Credit Union Convention - Dubuque, IA

September 21-24

ACUMA Annual Convention - Denver, CO

Car Insurance Premiums Will Rise 4% or More by the End of 2025, Disrupting a Trend of Stability

In the first half of 2025, car insurance rates stabilized nationwide, with premiums even falling in 27 states after years of sharp increases. However, tariffs on auto parts, rising inflation, and severe weather risks threaten to push rates higher again. Insurify projects that by year’s end, the average annual cost of full-coverage car insurance will rise 4% to $2,402 and up to 7% ($2,472) if tariffs significantly drive up claim costs.

Costs vary widely by state. Maryland is the most expensive, averaging over $4,000 annually, while New Hampshire remains the cheapest at under $1,000. States like Rhode Island, Michigan, and Delaware could see double-digit increases, while Vermont, Maine, Hawaii, and Rhode Island may avoid hikes unless tariffs force them. Extreme weather, such as California wildfires and Florida hurricanes, continues to fuel higher claims and premiums. With some insurers lowering rates and others bracing for tariff impacts, the outlook for 2025 remains uncertain, but most drivers can expect at least modest increases.

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insurify.com

Household Debt Hits a Record High in Second Quarter

Americans’ household debt reached a record $18.39 trillion in Q2 2025, driven by larger mortgages and steady growth in non-housing balances, according to Meridian Economics. Mortgage debt rose $131 billion to $12.94 trillion as higher-priced home sales led to bigger loans, even with overall sales slowing. Mortgage originations increased slightly to $458 billion, while Home Equity Lines of Credit grew for the 13th straight quarter, reaching $411 billion. Credit card balances climbed by $27 billion to $1.21 trillion, auto loans increased to $1.66 trillion, and student loans rose to $1.64 trillion.

Delinquencies, however, are rising alongside debt. The overall serious delinquency rate nearly doubled year over year to 2.91%, led by student loans, where delinquencies spiked to 12.88% due to the resumption of reporting missed payments from 2020–2024. Mortgage and HELOC delinquencies increased modestly, while credit card and auto loan performance held steady. Despite these shifts, mortgage performance remains strong by historical standards, even as consumers face record debt levels and growing financial pressure.

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cutoday.com