Rates & Ratios: CUs Report Lending Uptick

August 2, 2010

Credit union loans outstanding increased 0.3% during June 2010, compared to a 0.2% increase during May 2010, according to the Credit Union National Association’s economics and statistics department.

Adjustable-rate mortgages led loan growth, increasing 1.2%, followed by unsecured personal loans, 1%, used auto loans, 0.8%, and credit card loans, 0.3%.

On the decline were new auto loans (1.4%) and fixed-rate mortgages (0.2%).

Credit union savings balances decreased 0.3% in June 2010, compared to a 0.1% decrease during May 2010. Share drafts decreased 4.8% and individual retirement accounts fell 0.3%.

Regular shares increased 0.5%, followed by money market accounts, 0.4%, and one-year certificates, 0.2%.

Other findings:

  • Asset quality: Credit unions’ 60+ day delinquencies decreased slightly to 1.7% during June 2010.
  • Liquidity: The loan-to-savings ratio remained at 73%. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) remained at 19%.
  • Capital: The movement’s overall capital-to-asset ratio remained at 10%. The total dollar amount of capital is $91 billion.

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