Credit union loans outstanding decreased 0.1% during September 2010, compared to an increase of 0.3% during August 2010, according to the Credit Union National Association’s economics and statistics department.
Fixed-rate mortgages led loan growth, increasing 1.2%, followed by used-auto loans, which increased 0.8%.
On the decline were new-auto loans (1%), credit cards (0.6%), home equity loans (0.3%), unsecured personal loans (0.2%), and adjustable-rate mortgages (0.1%).
Credit union savings balances increased 0.3% in September, compared to a 0.7% decrease during August.
Individual retirement accounts led savings growth, increasing 1%, followed by money market accounts and regular shares, which both increased 0.7%.
One-year certificates and share drafts each decreased 0.5%.
· Asset quality: Credit unions’ 60+-day delinquencies remained at 1.8% during September.
· Liquidity: The loan-to-savings ratio remained at 73% in September. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) remained at 18%.
· Capital: The movement’s overall capital-to-asset ratio remained at 10%. The total dollar amount of capital is $93 billion.
Not only does absenteeism affect your bottom line, it increases everyone’s workload.