Credit union loans outstanding increased 0.4% during May 2011 compared to a 0.2% increase in April 2011, according to CUNA’s economics and statistics department.
Unsecured personal loans led loan growth, increasing 1.7%, followed by credit card loans, 1%, adjustable-rate mortgages, 0.9%, used auto loans, 0.7%, and fixed-rate mortgages, 0.3%.
On the decline were new auto loans (-0.6%) and home equity loans (-0.2%).
Credit union savings balances decreased 0.7% in May compared to a 0.7% increase during April. The exception: money market accounts, which grew 0.6%.
Share drafts led the overall savings decline, decreasing 4.7%, followed by one-year certificates (-0.5%), individual retirement accounts (-0.4%) and regular shares (-0.1%).
Other measures during May: