Credit union loans outstanding increased 1.2% in November, compared to a 1.3% increase in October 2022, and a 0.7% increase in November 2021, according to CUNA's latest Monthly Credit Union Estimates.

Other mortgage loans led loan growth rising 3.3% followed by credit card loans (2.6%), adjustable-rate mortgage loans (2.4%), home equity loans (2.1%), unsecured personal loans (1.4%), new auto loans (1.3%), other loans (0.8%), fixedrate mortgage loans (0.7%), and used auto loans (0.7).

Credit union savings balances decreased -0.3% in November, compared to -0.7% decrease in October 2022, and a 0.1% increase in November 2021. One-year certificates led savings growth during the month rising 4.1% followed by individual-retirement accounts (0.3%).

On the decline were money market accounts (-1.9%), followed by regular shares (-0.9%), and share drafts (-0.9%).

Credit unions’ 60+ day delinquency increased to 0.56% in November.

The loan-to-savings ratio increased to 81.3% in November compared to 80.1% in October. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) declined from 11.5% in October to 11% in November.

Total credit union memberships increased 0.2% in November to 137.6 million. Capital* The movement’s overall capital-to-asset ratio increased to 8.8% in November compared to 8.5% in October. The total dollar amount of capital increased 3.4% to $191 billion.