Rates & Ratios: Loans Continue to Decline

May 10, 2010
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Credit union loans outstanding decreased 0.4% during March 2010 compared to a 0.6% decrease during February 2010, according to CUNA’s economics and statistics department.

Fixed-rate mortgages led loan growth during March (0.7%), followed by adjustable-rate mortgages (0.4%) and unsecured personal loans (0.1%).

On the decline were new auto loans (-2.1%), other mortgages (-1.8%), and credit cards and home equity loans (-0.4%).

Credit union savings balances increased 0.7% in March 2010, compared to a 1.9% increase during February 2010. During March, regular shares grew 2.7%, followed by money market accounts (2.0%) and individual retirement accounts (1.7%).

One-year certificates and share drafts decreased 0.9% and 2.6%, respectively.

Credit unions’ 60+ day delinquencies decreased slightly to 1.8% during March.

View this month’s Rates & Ratios now.

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