Credit union loans outstanding increased 0.3% during August 2010 led by used-auto loans, according to the Credit Union National Association’s economics and statistics department.
Used-auto loans led the growth, increasing 1%, followed by unsecured personal loans and credit card loans, which increased 0.8% and 0.7%, respectively.
Fixed-rate mortgages increased 0.5%, adjustable-rate mortgages grew 0.4%, and home equity loans increased 0.3%. New auto loans, however, decreased 1.3%.
Credit union savings balances decreased 0.7% in August 2010 compared with a 0.7% increase during July 2010.
Share drafts decreased 4.5%, as did regular shares (0.5%), one-year certificates, and money market accounts (which both decreased 0.2%).
Individual retirement accounts grew 0.2% during August.
Other August measures include: