Credit union loans outstanding increased 1.6% in March, compared to a 1.1% increase in February of 2022 and a 0.1% increase in March of 2021, according to CUNA’s latest Monthly Credit Union Estimates. Other loans lead loan growth during the month rising 5.1%, followed by used auto loans (2.1%), fixed-rate mortgage loans (1.9%), new auto loans (1.2%), credit card loans (0.9%), home equity loans (0.9%), and unsecured personal loans (0.5%).

On the decline during the month were other mortgage loans (-3.5%) and adjustable-rate mortgage loans (-3.2%).

Credit union savings balances increased 1.8% in March, compared to a 1.6% increase in February of 2022 and a 4.2% increase in March of 2021. Share drafts led savings growth during the month rising 2.8%, followed by regular shares (2.2%), money market accounts (2.0%), and individual-retirement accounts (0.4%).

On the decline were one-year certificates (-0.8%).

Credit unions’ 60+ day delinquency declined to 0.4% in March compared to February.

The loan-to-savings ratio declined to 70.9% in March compared to 71.0% in February. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) declined from 18.6% in February to 18.0% in March.

Total credit union memberships rose 0.2% during March to 132.6 million.

The movement’s overall capital-to-asset ratio declined to 9.2% in March compared to 9.6% in February. The total dollar amount of capital declined -3.3% to $197.9 billion.