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Home » Credit union loans outstanding increased 1.1% in December
Policy & Issues

Credit union loans outstanding increased 1.1% in December

February 20, 2023
Lending, membership growth highlight July MCUEs

Credit union loans outstanding increased 1.1% in December, according to CUNA's latest Monthly Credit Union Estimates, compared to a 1.2% increase in November 2022, and a 1.0% increase in December 2021. 

Other mortgage loans led loan growth rising 3.7% followed by credit card loans (2.9%), adjustable-rate mortgage loans (2.6%), home equity loans (2.1%), unsecured personal loans (1.5%), new auto loas (0.9%), other loans (0.9%), used auto loans (0.8%), and fixed-rate mortgage loans (0.5%).

Credit union savings balances increased 0.4% in December, compared to a -0.3% decrease in November 2022, and a 1.3% increase in December 2021.

One-year certificates led savings growth during the month rising 5.4% followed by share drafts (2.2%). On the decline were money market accounts (-2.1%), regular shares (-0.9%) and individual retirement accounts (-0.5%).

Credit unions’ 60+ day delinquency increased to 0.58% in December. Liquidity The loan-to-savings ratio increased to 81.8% in December compared to 80.3% in November.

The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) remained at 11% in December.

Total credit union memberships increased 0.2% in December to 137.9 million.  

The movement’s overall capital-to-asset ratio remained at 8.8% in December. The total dollar amount of capital increased 1.5% to $195.6 billion.

Credit Union Magazine: Fall 2023

Fall 2023

Credit Union Magazine’s Fall 2023 issue examines how artificial intelligence is shaping marketing, strategies to improve cyber hygiene and overall cybersecurity, the need to employ risk management to address inflation and its impacts, new approaches to board recruiting, and NCUA’s top supervisory priorities.
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