Credit unions’ new auto loans outstanding decreased 1.8% during December, part of an overall 0.2% decline in loans, reports CUNA’s economics and statistics department.
Also on the decline were adjustable-rate mortgages (-1%) and home equity loans (-0.1%).
Credit union savings balances grew 0.6% in December compared to a 0.5% decrease during November. Share drafts led savings growth, increasing 2.8%, followed by regular shares (0.9%), money market accounts (0.3%), and individual retirement accounts (0.3%)
One-year certificates declined 0.3%.
Other measures during December:
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