Credit union loans outstanding increased 0.3% during June 2011 compared to a 0.4% increase in May 2011, according to CUNA’s economics and statistics department.
Home equity loans led loan growth with a 3.2% increase, followed by fixed-rate mortgages, 3.1%, used auto loans, 0.9%, unsecured personal loans, 0.7%, and credit cards, 0.6%.
New auto loans and adjustable-rate mortgages declined 0.3% and 3.4%, respectively.
Credit union savings grew 0.1% in June compared to a 0.7% decrease during May.
Regular shares led savings growth, increasing 1.2%, followed by individual retirement accounts, 0.6%, and money market accounts, 0.3%.
On the decline were share drafts (-2.1%) and one-year certificates (-0.6%).
Other measures in June:
A U.S. District judge Monday dismissed three lawsuits--including one by the National Credit Union Administration--brought against U.S. Bank National Association and Bank of America, National Association regarding their duties as trustees of residential mortgage-backed securities.