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Rates & Ratios: Members Take Up ARMs

Adjustable-rate mortgages grow 1.9% during March.

May 18, 2011
KEYWORDS credit , loans , ratio , savings
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Credit union loans outstanding decreased 0.1% during March 2011 compared to a 0.4% decrease in February 2011, according to CUNA’s economics and statistics department.

Leading the decline during March were unsecured personal loans (-1.3%), home equity loans (-0.8%), credit cards (-0.7%), and new auto loans (-0.6%).

Bucking this trend were adjustable-rate mortgages, which grew 1.9% during March, and used auto loans, which increased 0.5%.

Savings

Credit union savings balances grew 1.3% in March compared to a 1.8% increase during February.

Regular shares led savings growth, increasing 3.6%, followed by money market accounts, 1.4%, share drafts, 1.2%, and individual retirement accounts, 0.7%.

One-year certificates declined 0.8%.

Other measures during March:

  • Asset quality: Credit unions’ 60+ day delinquencies fell slightly to 1.6%;
  • Liquidity: The loan-to-savings ratio fell to 69% , while the liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) remained at 19%; and
  • Capital: The movement’s overall capital-to-asset ratio remained at 10%. The total dollar amount of capital is $94 billion.

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Great article! Unfortunately, most employees don’t feel valued or appreciated by their supervisors or employers. In fact, research has shown that the predominant reason team members quit their jobs is because they don’t feel valued. This is in spite of the fact that employee recognition programs have proliferated in the workplace – over 90% of all organizations in the U.S. has some form of employee recognition activities in place. But most employee recognition programs are viewed with skepticism and cynicism – because they aren’t viewed as being genuine in their communication of appreciation. Getting the “employee of the month” award, receiving a certificate of recognition, or a “Way to go, team!” email just don’t get the job done. How do you communicate authentic appreciation? We have found people have different ways that they want to be shown appreciation, and if you don’t communicate in the language of appreciation important to them, you essentially “miss the mark”. Additionally, employees need to receive recognition more than once a year at their performance review. Otherwise, they view the praise as “going through the motions”. A third component of authentic appreciation is that the communication has to be about them personally – not the department, not their group, but something they did. Finally, they have to believe that you mean what you say. How you treat them has to match the words you use. If you are not sure how your team members want to be shown appreciation, the Motivating By Appreciation Inventory (www.appreciationatwork.com/assess) will identify the language of appreciation and specific actions preferred by each employee. You then can create a group profile for your team, so everyone knows how to encourage one another. Remember, employees want to know that they are valued for what they contribute to the success of the organization. And communicating authentic appreciation in the ways they desire it can make the difference between keeping your quality team members or having a negative work environment that everyone wants to leave. Paul White, Ph.D., is the co-author of The 5 Languages of Appreciation in the Workplace with Dr. Gary Chapman.

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