Credit union loans outstanding decreased about 0.1% during April 2010, compared to a 0.3% decrease during March 2010, according to CUNA’s economics and statistics department.
On the positive side, adjustable-rate mortgages outstanding grew 1%, followed by used auto loans and home equity loans, which both increased 0.4%. Credit card loans increased 0.3%, while unsecured personal loans and fixed-rate mortgages both decreased 0.5%.
New auto loans decreased 1.6%.
Credit union savings balances increased 1% in April, compared to a 0.7% increase during March 2010. Share drafts grew 6.9%, followed by regular shares and money market accounts, which each increased 0.9%.
Individual retirement accounts grew less than 0.1% and one-year certificates decreased 0.5%.
Other measures during April: