Credit union loans outstanding decreased 0.2% during November 2010, the same decline as in October 2010, according to the Credit Union National Association’s economics and statistics department.
Leading the decline were adjustable-rate mortgages (-3.4%), new auto loans (-1.3%), and home equity loans (-0.4%).
On the upswing were unsecured personal loans, which grew 1.6%, followed by fixed-rate mortgages, 1.5%, credit cards, 0.9%, and used auto loans, 0.3%.
Credit union savings balances decreased 0.5% in November compared to a 0.7% increase during October.
Money market accounts increased 0.5%. On the decline were share drafts (-1.5%) regular shares (-0.6%), one-year certificates (-0.3%), and individual retirement accounts (-0.1%).
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