CU Data

Rates & Ratios: Savings Outpace Loans During February

CU loans decrease 0.2% while savings grow 2.1%.

April 16, 2012
KEYWORDS auto , capital , loans , mortgages , ratio
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Credit union loans outstanding decreased 0.2% during February 2012 following a 0.1% decrease in January, according to CUNA’s economics and statistics department.

Adjustable-rate mortgages led loan growth with a 0.7% increase, followed by fixed-rate mortgages, which grew 0.4%.

On the decline were credit cards (-2%), unsecured personal loans (-1.9%), new auto loans (-0.6%), and home equity loans (-0.6%).

Savings

Credit union savings balances, however, grew 2.1% during February after a 0.4% decrease in January.

Share drafts grew 8.3%, followed by regular shares and money market accounts, which increased 3.4% and 1.2%, respectively.

One-year certificates and individual retirement accounts stayed roughly the same.

Other measures:

• Asset quality: Credit unions’ 60+ day delinquency rate remained at 1.6%;

• Liquidity: Creditunions’overall loan-to-savings ratio fell slightly to 68%, and the liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) grew to 21% during February.

• Capital: The movement’s overall capital-to-asset ratio remained at 10%. The total dollar amount of capital is $102 billion.

Click here to view this month’s Rates & Ratios.

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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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