CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • 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
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » MCUEs: Credit union loans increased 1% in October
Policy & Issues

MCUEs: Credit union loans increased 1% in October

December 22, 2021
Membership growth leads January MCUEs

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

Credit Union Magazine: Spring 2023

Spring 2023

Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.
Digital Edition •  Subscribe

Trending

  • CUNA Mascot Madness: See the West winner and vote for the South champ

  • Compliance: CUs must register with ACH Contact Registry

  • Compliance: FinCEN issues BOI reporting guidance

Tweets by CUNA_News

Polls

Mascot Madness Semifinal 2: Which mascot is your favorite?

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