Credit union loans outstanding increased 0.2% in February, compared to a 0.2% decrease in January of 2021 and a 0.2% increase in February of 2020, according to CUNA’s latest Monthly Credit Union Estimates. The monthly report has been updated with a new look for 2021.

Unsecured personal loans led loan growth during the month, rising 3.2%, followed by fixed-rate mortgages (0.4%), and used auto loans (0.1%).

On the decline during the month were adjustable-rate mortgages (-0.2%), home equity loans (-0.6%), new auto loans (-0.9%), credit card loans (-1.2%), and other mortgage loans (-2.6%).

Credit union savings balances increased 1.8% in February, compared to a 0.9% increase in January of 2021 and a 2.1% increase in February of 2020. Share drafts led savings growth during the month, rising 4.0%, followed by regular share (2.0%), money market accounts (2.0%), and individual retirement accounts (0.3%).

On the decline during the month were one-year certificates (-0.1%).

Credit unions’ 60+ day delinquency declined to 0.5% in February.

The loan-to-savings ratio slightly decreased from 73.3% in January to 72.1% in February. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) increased from 21.2% in January to 21.4% in February.

Total credit union memberships grew 0.1% during February to 127.3 million.

The movement’s overall capital-to-asset slightly decreased to 10.1% in February from 10.3% in January. The total dollar amount of capital decreased by 0.1% to $195.0 billion.