Credit union loans outstanding increased 0.3% during June 2010, compared to a 0.2% increase during May 2010, according to the Credit Union National Association’s economics and statistics department.
Adjustable-rate mortgages led loan growth, increasing 1.2%, followed by unsecured personal loans, 1%, used auto loans, 0.8%, and credit card loans, 0.3%.
On the decline were new auto loans (1.4%) and fixed-rate mortgages (0.2%).
Credit union savings balances decreased 0.3% in June 2010, compared to a 0.1% decrease during May 2010. Share drafts decreased 4.8% and individual retirement accounts fell 0.3%.
Regular shares increased 0.5%, followed by money market accounts, 0.4%, and one-year certificates, 0.2%.