Credit union loans outstanding increased 1.0% in June, compared to a 0.8% increase in May and a 0.7% increase in June 2020, according to CUNA’s latest Monthly Credit Union Estimates.

Unsecured personal loans led loan growth during the month, rising 4.3%, followed by adjustable-rate mortgages (2.3%), fixed-rate mortgages (1.8%), used auto loans (1.2%), home equity loans (1.2%), credit card loans (0.6%), and other mortgage loans (0.4%).

New auto loans declined 1.1% during the month.

Credit union savings balances increased 0.03% in June, compared to a 0.5% decrease in May of 2021 and a 1.0% increase in June of 2020.

Money market accounts led savings growth during the month, rising 1.2%, followed by regular shares (0.9%) and individual retirement accounts (0.7%). On the decline during the month were share drafts (-1.5%) and one-year certificates (-1.3%).

Credit unions’ 60+ day delinquency remained at 0.4% in June.

The loan-to-savings ratio increased from 69.5% in May to 70.1% in June. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) declined from 21.7% in May to 19.9% in June.

Total credit union memberships grew 0.1% during June to 129.2 million.

The movement’s overall capital-to-asset ratio remained at 10.0% in June. The total dollar amount of capital increased by 1.1% to $201.4 billion.