Rates & Ratios: CU Loans Continue Decline

Credit cards outstanding fall 2%, CUNA reports.

March 04, 2011
KEYWORDS loans , ratio
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Credit union loans outstanding decreased 0.7% during January 2011, compared to a 0.1% decline in December 2010, according to CUNA’s economics and statistics department.

Leading the decline were credit cards (-2%), new auto loans (-1.5%), fixed-rate mortgages (-1.2%), unsecured personal loans (-0.7%), and used auto loans (-0.3%).

Adjustable-rate mortgages and home equity loans each decreased about 0.1%.

Credit union savings balances fell 0.2% in January 2011 compared to a 0.5% increase during December 2010. Money market accounts and regular shares increased, while share drafts, individual retirement accounts, and one-year share certificates experienced declines.

Other measures during January:

  • Credit unions’ 60+ day delinquencies remained at 1.7%;
  • Credit unions’ average loan-to-savings ratio remained at 72%;
  • Credit unions’ liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) remained at 19%; and
  • The movement’s overall capital-to-asset ratio remained at 10% ($94 billion).

• View this month’s Rates & Ratios now.

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