Credit union loans outstanding increased 0.7% in November, compared to a 1.0% increase in October of 2021 and a 0.2% increase in November of 2020, according to CUNA’s latest Monthly Credit Union Estimates.

Adjusted mortgage loans led loan growth during the month rising (3%), followed by credit card loans (2.4%), fixed-rate mortgage loans (1.3%), used auto other (0.80%), and other loans (0.20%). Other mortgage loans (-5.132%), home equity loans (-1.8%), unsecured personal loans (-1.3%), and new auto loans (-0.05%) were on the decline during the month.

Credit union savings balances increased 0.1% in November, compared to a 1% increase in October of 2021 and a 0.1% increase in November of 2020. Money market accounts led savings growth during the month, rising 1%, followed by regular shares (0.5%).

On the decline during the month were share drafts (-1.1%), one-year certificates (-0.3%), and individual-retirement accounts (-0.08%).

Credit unions’ 60+ day delinquency increased to 0.5% in November compared to 0.48% in October.

The loan-to-savings ratio rose to 70.7% in November compared to 70.4% in October. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) declined from 20.17% in October to 19.15% in November.

Total credit union memberships grew to 0.17% during November to 131.5 million.

The movement’s overall capital-to-asset ratio rose slightly from 9.93% in October to 9.96% in November. The total dollar amount of capital grew .44% to $207.6 billion.