CU Data

Rates & Ratios: CU Loans Continue to Climb

Savings balances, meanwhile, decline slightly.

December 10, 2011
KEYWORDS loans , ratio , savings
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Credit union loans outstanding increased 0.3% during October 2011, the seventh-consecutive month of positive loan growth for credit unions, according to CUNA’s economics and statistics department.

Adjustable-rate mortgages led loan growth, increasing 1.3%, followed by used auto loans (0.6%), unsecured personal loans (0.5%), and credit card loans (0.4%).

Home equity loans, fixed-rate mortgages, and new auto loans decreased 0.3%, 0.2%, and 0.1%, respectively.

Savings

Credit union savings balances decreased 0.1% in October, compared to a 1.3% increase in September.

Money market accounts led savings growth, increasing 0.8%, followed by regular shares, which grew 0.4%.

On the declines were share drafts (-2.8%) and one-year certificates (-0.2%).

Membership

Credit union membership increased by 214,000 in October (0.2%) and by 440,000 (0.5%) over the past two months.

The two-month increase is equal to 75% of the total growth in membership recorded in all of 2010.

On a year-over-year basis, membership grew 1.1%. That’s more than double the 12-month growth rate reported in October 2010.

On a year-to-date basis, membership increased 1.2%—a growth rate that’s 50% higher than the year-to-date growth rate reported in October 2010.

Other measures:

  • Asset quality. Credit unions’ 60+ day delinquency rate remained at 1.6%.
  • 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) decreased slightly to 18%.
  • Capital. The movement’s overall capital-to-asset ratio remained at 10%. The total dollar amount of capital is $100 billion.

View this months’ Rates & Ratios now [pdf].

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