Credit union loans outstanding decreased 0.1% during March 2011 compared to a 0.4% decrease in February 2011, according to CUNA’s economics and statistics department.
Leading the decline during March were unsecured personal loans (-1.3%), home equity loans (-0.8%), credit cards (-0.7%), and new auto loans (-0.6%).
Bucking this trend were adjustable-rate mortgages, which grew 1.9% during March, and used auto loans, which increased 0.5%.
Credit union savings balances grew 1.3% in March compared to a 1.8% increase during February.
Regular shares led savings growth, increasing 3.6%, followed by money market accounts, 1.4%, share drafts, 1.2%, and individual retirement accounts, 0.7%.
One-year certificates declined 0.8%.
Other measures during March: