Credit union loans outstanding decreased 0.2% during October 2010 compared to a decrease of 0.1% during September, according to the Credit Union National Association’s economics and statistics department.
On the decline were fixed-rate mortgages (2.1%), unsecured personal loans (1.4%), new auto loans (0.9%), credit cards (0.2%), and home equity loans (0.1%).
Adjustable-rate mortgages increased 3.1% while used auto loans outstanding grew 0.1%.
Credit union savings balances increased 0.7% in October 2010 compared to a 0.3% decrease during September.
Share drafts led savings growth, increasing 3.1%, followed by regular shares and money market accounts, which increased 1.3% and 0.7%, respectively.
Individual retirement accounts and one-year certificates each decreased 0.2%.
Other October findings: