Credit union loans outstanding increased 1.0% in October, compared to a 0.6% increase in September of 2021 and a 0.2% increase in October of 2020 according to CUNA’s latest Monthly Credit Union Estimates.

Other mortgage loans led loan growth during the month, rising 3.2%, followed by unsecured personal loans (2.8%), home equity loans (1.4%), credit card loans (1.2%), fixed-rate mortgages (1.0%), adjustable-rate mortgages (0.9%), and used auto loans (0.6%).

On the decline during the month were new auto loans (-0.7%).

Credit union savings balances increased 1.0% in October, compared to a 0.8% increase in September of 2021 and a 1.7% increase in October of 2020. Share drafts led savings growth during the month, rising 1.5%, followed by money market accounts (1.2%), and regular shares (1.0%).

Individual retirement accounts (-0.6%) and one-year certificates (-0.4%) were on the decline during the month.

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

The loan-to-savings ratio remained at 70.3% in October. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) increased from 21.0% in September to 21.3% in October.

Total credit union memberships grew 0.1% during October to 130.7 million.

The movement’s overall capital-to-asset ratio declined from 10.1% in September to 9.9% in October. The total dollar amount of capital grew 0.05% to $206.9 billion