Rates & Ratios: CU Loans Stagnate During November

Total outstandings grow less than 0.1%.

January 11, 2012

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%).

CU savings

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.

Other measures:

  • Asset quality: Credit unions’ 60+ day delinquency rate remained at 1.6%;
  • Liquidity: The loan-to-savings ratio remained at 70%, while the liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) remained at 18%; and
  • Capital: The movement’s overall capital-to-asset ratio remained at 10%.

The total dollar amount of capital is $100 billion.

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