CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • 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
  • Contact

News

Home » Credit union loans increased 2.1% in September
Policy & Issues

Credit union loans increased 2.1% in September

November 22, 2022
22MCUEs

Credit union loans outstanding increased 2.1% in September, according to CUNA's latest Monthly Credit Union Estimates. This is compared to a similar 2.0% increase in August of 2022 and a 0.6% increase in September of 2021. 

Other mortgage loans led loan growth during the month rising 5.1%, followed by home equity loans (3.8%), other loans (3.2%), new auto loans (3.1%), used auto loans (1.9%), unsecured personal loans (1.9%), fixed-rate mortgage loans (1.1%), adjustable-rate mortgage loans (0.9%), and credit card loans (0.7%). 

Credit union savings balances increased 0.7% in September, compared to a -0.2% decrease in August of 2022 and a 0.7% increase in September of 2021. Share drafts led savings growth during the month rising 4.2%, followed by one-year certificates (2.1%). 

On the decline were regular shares -0.9%, followed by money market accounts (-0.7%), and individual retirement accounts (-0.4%). 

Credit unions’ 60+ day delinquency remained at 0.49% in September.

The loan-to-savings ratio increased to 78.9% in September compared to 77.9% in August. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) declined from 13.5% in August to 13% in September.

Total credit union memberships rose 0.2% in September to 136.1 million. 

The movement’s overall capital-to-asset ratio declined to  8.5% in September compared to 8.9% in August. The total dollar amount of capital decreased -3.6% to $188 billion. 

Credit Union Magazine: Spring 2023

Spring 2023

Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.
Digital Edition •  Subscribe

Trending

  • Compliance: FinCEN issues issue BOI reporting guidance

  • Bill would establish ‘appropriate compliance timeline’ for section 1071

  • CUNA Mascot Madness: One semifinal set; Vote for the best in the West

Tweets by CUNA_News

Polls

CUNA Mascot Madness: Which South Region mascot is your favorite?

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