Credit union loans outstanding decreased 0.2% in January, compared to a 0.1% increase in December of 2020 and a 0.3% increase in January of 2020, according to CUNA’s latest Monthly Credit Union Estimates.

Adjustable-rate mortgages led loan growth during the month, rising 0.8%, followed by fixed-rate mortgages (0.5%), and used auto loans (0.4%).

On the decline during the month were new auto loans (-0.6%), home equity loans (-0.8%), other mortgage loans (-1.1%), credit card loans (-3.0%), and unsecured personal loans (-3.2%).

Credit union savings balances increased 0.9% in January, compared to a 2.0% increase in December of 2020 and a 1.2% increase in January of 2020. Money market accounts led savings growth during the month, rising 3.8%, followed by share drafts (3.1%).

On the decline during the month were one-year certificates (-0.2%), regular share (-1.4%), and individual retirement accounts (-1.4%).

Credit unions’ 60+ day delinquency remained at 0.6% in January.

The loan-to-savings ratio slightly decreased from 73.5% in December to 72.8% in January. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) increased from 21.1% in December to 21.5% in January.

Total credit union memberships grew 0.3% during January to 127.0 million.

The movement’s overall capital-to-asset slightly remained at 10.3% in January. The total dollar amount of capital increased by 0.6% to $195.6 billion.