Rates & Ratios: Savings Outpace Loans During February

CU loans decrease 0.2% while savings grow 2.1%.

April 16, 2012

Credit union loans outstanding decreased 0.2% during February 2012 following a 0.1% decrease in January, according to CUNA’s economics and statistics department.

Adjustable-rate mortgages led loan growth with a 0.7% increase, followed by fixed-rate mortgages, which grew 0.4%.

On the decline were credit cards (-2%), unsecured personal loans (-1.9%), new auto loans (-0.6%), and home equity loans (-0.6%).


Credit union savings balances, however, grew 2.1% during February after a 0.4% decrease in January.

Share drafts grew 8.3%, followed by regular shares and money market accounts, which increased 3.4% and 1.2%, respectively.

One-year certificates and individual retirement accounts stayed roughly the same.

Other measures:

• Asset quality: Credit unions’ 60+ day delinquency rate remained at 1.6%;

• Liquidity: Creditunions’overall loan-to-savings ratio fell slightly to 68%, and the liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) grew to 21% during February.

• Capital: The movement’s overall capital-to-asset ratio remained at 10%. The total dollar amount of capital is $102 billion.

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