Credit union loans outstanding grew roughly 0.4% during December 2011, led by a 2.4% increase in credit card balances, according to CUNA’s economics and statistics department.
This compares to a 0.1% increase in loans outstanding during November.
Also on the rise were fixed-rate mortgages, which grew 1.9%, unsecured personal loans (0.9%), and used auto loans (0.4%).
Adjustable-rate mortgages declined 1.2% during December, while new auto loans and home equity loans each decreased 0.4%.
Credit union savings balances grew 1.1% in December, compared to a 0.1% increase during November.
Share drafts led savings growth (4.4%), followed by regular shares (1.3%), and money market accounts (0.7%).
The total dollar amount of capital is $101 billion.
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.