Rates & Ratios: CU Loans Stagnate

Credit union loans outstanding decreased about 0.1% during July 2010.

September 3, 2010

Credit union loans outstanding decreased about 0.1% during July 2010, compared to a 0.3% increase during June, according to CUNA’s economics and statistics department.

Subscribe to Credit Union MagazineFixed-rate mortgages led loan growth, increasing 0.8%, followed by unsecured personal loans and credit card loans, which increased 0.7% and 0.6%, respectively.

Used auto loans increased 0.5%, while home equity loans increased 0.1%.

New auto loans and adjustable-rate mortgages decreased 1.4% and 0.1%, respectively.

On the savings front, credit union savings balances increased 0.8% in July 2010, compared to a 0.3% decrease during June.

Share drafts increased 4.8%, followed by money market accounts (0.8%) and regular shares (0.4%).

One-year certificates and individual retirement accounts decreased 0.3% and 0.5%, respectively.

Other findings:

  • Asset quality: Credit unions’ 60+-day delinquencies increased slightly to 1.8% during July 2010.
  • Liquidity: The loan-to-savings ratio remained at 73% in July 2010. 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% in July 2010. The total dollar amount of capital is $92 billion.

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