CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • 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 » Credit union loans increased 2.3% in May
CU System

Credit union loans increased 2.3% in May

July 25, 2022
Membership growth leads January MCUEs

Credit union loans outstanding increased 2.3% in May, compared to a 1.9% increase in April of 2022 and a 0.8% increase in May of 2021, according to CUNA's latest Monthly Credit Union Estimates.

Other mortgage loans led loan growth during the month rising 3.5%, followed by unsecured personal loans (3%), new auto loans (2.9%), used auto loans (2.3%), credit card loans (2.2%), other loans (2.0%), fixed rate mortgage loans (2.0%), adjustable-rate mortgage loans (1.9%), home equity loans (1.7%). 

Credit union savings balances declined –0.7% in May, compared to a 0.8% increase in April of 2022 and a -0.5% decrease in May of 2021. Money market accounts led savings growth during the month rising 0.4%, followed by individual-retirement accounts (0.3%), regular shares (0.1%).

On the decline were one-year certificated (-0.5%), and share drafts (-3.8%).

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

The loan-to-savings ratio increased to 74% in May compared to 71.7% in April.  The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) declined from 17.2% in April to 15.3% in May.

Total credit union memberships rose 0.2% during May to 133.5 million.

The movement’s overall capital-to-asset ratio rose to 9.0% in May compared to 8.9% in April. The total dollar amount of capital increased 1.6% to $194.4 billion

Credit Union Magazine: Winter 2023

Winter 2023

The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.
Digital Edition •  Subscribe

Trending

  • CFPB continues to avoid following mandated rulemaking process

  • CUNA, NAFCU applaud CDFI Fund for adopting credit union-sought changes to certification application

  • CFPB fines Atlantic Union Bank $6.2M for overdraft practices

Polls

How do you feel about the economy in 2024?

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