Rates & Ratios: Holiday Season Good for CU Credit Cards

Fixed-rate mortgages also experienced healthy growth during December.

February 1, 2012

Credit union loans outstanding grew roughly 0.4% during December 2011, led by a 2.4% increase in credit card balances, according to CUNA’s economics and statistics department.

This compares to a 0.1% increase in loans outstanding during November.

Also on the rise were fixed-rate mortgages, which grew 1.9%, unsecured personal loans (0.9%), and used auto loans (0.4%).

Adjustable-rate mortgages declined 1.2% during December, while new auto loans and home equity loans each decreased 0.4%.

Credit union savings balances grew 1.1% in December, compared to a 0.1% increase during November.

Share drafts led savings growth (4.4%), followed by regular shares (1.3%), and money market accounts (0.7%).

Other measures:

  • Asset quality: Credit unions’ 60+ day delinquency rate remained at 1.6%.
  • Liquidity: The loan-to-savings ratio decreased slightly to 69%. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) remained at 18%.
  • Capital:The movement’s overall capital-to-asset ratio remained at 10%.

The total dollar amount of capital is $101 billion.

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