Credit union loans outstanding increased 1.0% in February 2022, compared to a 0.7% increase in January of 2022 and a 0.2% decrease in February of 2021, according to CUNA’s latest Monthly Credit Union Estimates. Unsecured personal loans led loan growth during the month rising 4.6%, followed by fixed-rate mortgage loans (1.3%), home equity loans (1.2%), used auto loans (1.0%), other mortgage loans (0.9%), new auto loans (0.8%), and other loans (0.6%).

On the decline during the month were adjustable-rate mortgages (-0.7%), and credit card loans (-0.1%).

Credit union savings balances increased 1.6% in February, compared to a -0.1% decrease in January and a 1.6% increase in February of 2021. Share drafts led savings growth during the month rising 3.3%, followed by regular shares (2.0%), money market accounts (1.4%), and individual-retirement accounts (0.2%).

On the decline were one-year certificates (-0.9%).

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

The loan-to-savings ratio declined to 71.0% in February compared to 71.3% in January. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) rose from 18.4% in January to 18.6% in February.

Total credit union memberships rose 0.2% during February to 132.3 million.

The movement’s overall capital-to-asset ratio declined from 9.9% in January to 9.6% in February. The  total dollar amount of capital declined -1.0% to $204.7 billion.