Credit union loans outstanding increased 0.8% in May, compared to a 0.6% increase in April of 2021 and a 1.1% increase in May of 2020, according to CUNA’s latest Monthly Credit Union Estimates. Credit card loans led loan growth during the month, rising 2.0%, followed by used auto loans (1.4%), fixed-rate mortgages (0.8%), new auto loans (0.5%), home equity loans, and unsecured personal loans (both rising 0.4%).

Adjustable-rate mortgages (-0.5%) and other mortgage loans (-0.4%) declined during the month.

Credit union savings balances declined -0.5% in May, compared to a 1.7% increase in April of 2021 and a 2.5% increase in May of 2020. Money market accounts led savings growth during the month, rising 1.1%, followed by individual retirement accounts (0.2%), and regular shares (0.01%).

On the decline during the month were share drafts (-3.0%) and one-year certificates (-1.2%).

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

The loan-to-savings ratio increased from 68.6% in April to 69.5% in May. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) declined from 23.1% in April to 21.7% in May.

Total credit union memberships grew 0.2% during May to 128.7 million.

The movement’s overall capital-to-asset ratio remained at 9.8% in May. The total dollar amount of capital increased by 1.1% to $199.3 billion