Credit union loans outstanding increased less than 0.1% during November 2011, compared to a 0.3% increase in October, according to CUNA's economics and statistics department.
Bright spots included unsecured personal loans, which grew 1%, followed by credit card loans, 0.8%, adjustable-rate mortgages, 0.7%, and used-auto loans, 0.3%.
On the decline were fixed-rate mortgages (-0.5%), home equity loans (-0.4%), and new-auto loans (-0.3%).
Credit union savings balances increased 0.2% in November, compared to a 0.1% decrease in October.
Leading the way were money market accounts, with a 1% increase, followed by regular shares, which grew 0.4%, and individual retirement accounts, which increased 0.1%.
Share drafts and one-year certificates decreased 0.6% and 0.1%, 0.1%, respectively.
The total dollar amount of capital is $100 billion.
WASHINGTON (5/4/15, UPDATED 1:45 p.m. ET)--Building on the success credit union advocates are having in getting data breach legislation introduced in the U.S. Congress, today CUNA launches a new call to action to garner support for the recently introduced House Data Security Act of 2015 (H.R. 2205).
Over the past weekend, the chairman of CUNA’s System Structure and Governance Task Force, Tom Dorety of Suncoast CU, Tampa, Fla., discussed with the CUNA board some initial models the Task Force is considering. The group has been meeting since last fall and commissioned several focus groups and a nationwide survey of credit unions to gather credit union feedback to inform its deliberations.