Credit union loans outstanding increased 0.6% in April, compared to a 0.1% increase in March of 2021 and a 0.3% increase in April of 2020, according to CUNA’s latest Monthly Credit Union Estimates.

Adjustable-rate mortgages led loan growth during the month, rising 1.2%, followed by fixed-rate mortgages and home equity loans (both rising 0.9%), used auto loans (0.6%), and other mortgage loans (0.04%).

Unsecured personal loans (-1.9), credit card loans (-1.0%), and new auto loans (-0.2%) declined during the month.

Credit union savings balances increased 1.7% in April, compared to a 4.4% increase in March of 2021 and a 4.6% increase in April of 2020. Share drafts led savings growth during the month, rising 5.9%, followed by money market accounts (2.0%), and regular shares (1.3%).

On the decline during the month were one-year certificates (-1.5%) and individual retirement accounts (-0.4%).

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

The loan-to-savings ratio decreased from 69.2% in March to 68.4% in April. The liquidity ratio (the ratio

of surplus funds maturing in less than one year to borrowings plus other liabilities) increased from 22.5% in March to 22.6% in April.

Total credit union memberships grew 0.2% during April to 128.1 million.

The movement’s overall capital-to-asset ratio remained at 9.8% in April. The total dollar amount of capital increased by 1.1% to $197.6 billion.