Credit union loans outstanding increased 0.2% during April compared to a 0.1% decline in March, according to CUNA’s economics and statistics department.
Leading loan growth were adjustable-rate mortgages, which increased 2%, followed by home equity loans, 1%, used auto loans, 0.8%, and credit cards, 0.1%.
On the decline were fixed-rate mortgages (-1.8%), unsecured personal loans (-1.1%), and new auto loans (-0.7%).
Credit union savings balances grew 0.7% in April compared to a 1.3% increase during March. Share drafts increased 4.3%, followed by regular shares, 1.1%, individual retirement accounts, 0.2%, and money market accounts, 0.1%.
One-year certificates declined 0.4%.
Other measures during April:
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