Rates & Ratios: CUs See Sixth-Straight Month of Loan Growth

Fixed-rate mortgages lead growth, increasing 2.2%.

November 1, 2011

Credit union loans outstanding increased 0.04% during September 2011—their sixth-consecutive month of positive loan growth, according to CUNA’s economics and statistics department.

Fixed-rate mortgages led loan growth with a 2.2% increase, followed by used auto loans, 0.3%, and unsecured personal loans, 0.1%.

On the decline were adjustable-rate mortgages (-2.2%), home equity and new auto loans (both -0.6%), and credit card loans.

On the savings front, credit union savings balances increased 1.4% in September, compared to a 0.5% decrease in August.

Share drafts grew 8%, followed by regular shares, 1.4%, individual retirement accounts 0.7%, and money market accounts, 0.4%. One-year certificates declined 0.5%.

Other measures in September:

  • Asset quality: Credit unions’ 60+ day delinquency rate fell slightly to 1.5%.
  • Liquidity: The loan-to-savings ratio remained at 70%. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) remained at 19%.
  • Capital: The movement’s overall capital-to-asset ratio remained at 10%. The total dollar amount of capital is $99 billion.

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