Credit union loans outstanding increased 1.9% in April, compared to a 1.8% increase in March of 2022 and a 0.5% increase in April of 2021, according to CUNA’s latest Monthly Credit Union Estimates.

Home equity loans led loan growth during the month rising 4.6%, followed by unsecured personal loans (2.2%), new auto loans (2.1%), used auto loans (2.1%), fixed-rate mortgage loans (2.1%), other loans (0.9%), credit card loans (0.7%), other mortgage loans (0.5%), and adjustable-rate mortgage loans (0.3%).

Credit union savings balances increased 0.7% in April, compared to a 1.8% increase in March of 2022 and a 1.7% increase in April of 2021.

Share drafts led savings growth during the month rising 2.3%, followed by regular shares (0.3%), and money market accounts (0.1%). One-year certificates had no change.

On the decline were individual-retirement accounts (-0.2%).

Credit unions’ 60+ day delinquency remained at 0.4% in April.

The loan-to-savings ratio increased to 71.8% in April compared to 71.0% in March. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) declined from 18.1% in March to 17.1% in April.

Total credit union memberships rose 0.2% during April to 132.9 million.

The movement’s overall capital-to-asset ratio declined to 8.8% in April compared to 9.2% in March. The total dollar amount of capital declined -3.9% to $190.2 billion