CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » Unsecured personal loans lead 0.2% increase in CU loans in March
CU System

Unsecured personal loans lead 0.2% increase in CU loans in March

May 10, 2021
AprilMCUEs

Credit union loans outstanding increased 0.2% in March, compared to a 0.2% decrease in February of 2021 and a 0.3% increase in March of 2020, according to CUNA’s latest Monthly Credit Union Estimates.

Unsecured personal loans led loan growth during the month, rising 2.6%, followed by used auto loans (0.7%), and fixed-rate mortgages (0.6%). On the decline during the month were adjustable-rate mortgages (-1.3%), home equity loans (-1.7%), other mortgage loans (-2.0%), credit card loans (-2.5%), and new auto loans (-3.2%).

Credit union savings balances increased 4.4% in March, compared to a 1.8% increase in February of 2021 and a 0.9% increase in March of 2020. Share drafts led savings growth during the month, rising 7.1%, followed by regular share (6.9%), money market accounts (2.8%), and individual retirement accounts (1.0%).

On the decline during the month were one-year certificates (-0.2%).

Credit unions’ 60+ day delinquency remained at 0.5% in March.

The loan-to-savings ratio decreased from 72.1% in February to 69.2% in March. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) increased from 21.5% in February to 22.7% in March.

Total credit union memberships grew 0.3% during March to 127.7 million.

The movement’s overall capital-to-asset decreased to 9.8% in March from 10.1% in February. The total dollar amount of capital increased by 0.2% to $195.3 billion

Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • House passes CUNA, League-led board modernization bill

  • CFPB issues CUNA-opposed proposal on credit card late fees

  • Key committee leaders supportive of credit union priorities

Tweets by CUNA_News

Polls

Vote for the 2023 CU Hero of the Year

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us