Rates & Ratios: CU Savings Decline During April

Overall CU savings decreased 0.7% during April following strong gains in March.

June 10, 2012

Credit union loans outstanding grew 0.4% during April 2012, led by adjustable-rate mortgages (0.9%), unsecured personal loans (0.8%), used auto loans (0.6%), new auto loans (0.4%), and credit cards (0.3%), according to CUNA’s economics and statistics department.

On the decline were home equity loans and fixed-rate first mortgages, which declined 2.1% and 0.7%, respectively.

Credit unions savings, meanwhile, decreased 0.7% during April, compared to a 2.5% increase during March.

Regular shares and one-year certificates each declined 0.3%, and individual retirement accounts decreased 0.2%.

Other April measures:

• Asset quality. Credit unions’ 60+ day delinquency rate fell remained at 1.5%.

• Liquidity. The loan-to-savings ratio grew from 66% in March to 67% in April, while the liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) fell from 22% to 20% during this time.

• Capital. The movement’s overall capital-to-asset ratio remained at 10%. The total dollar amount of capital is $103 billion.

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