Rates & Ratios: CUs Report Uptick in Loans

Leading the way were used auto loans and adjustable-rate mortgages.

July 3, 2012

Credit union loans outstanding grew 0.5% during May compared to 0.4% growth during April, according to CUNA’s economics and statistics department.

Leading the way were used auto loans and adjustable-rate mortgages, which each grew 0.8%. Fixed-rate mortgages and new auto loans each increased 0.7%, and credit card loans grew 0.6%.

Home equity loans declined 0.5%.

Savings

Credit union savings balances grew 0.2% in May compared to a 0.6% decrease in April.

Money market accounts grew 0.8%, while regular shares increased 0.7%.

On the decline were share drafts (-1.2%), individual retirement accounts (-0.2%) and one-year certificates (-0.1%).

Other measures:

  • Asset quality. Credit unions’ 60+ day delinquency rate fell slightly in May to 1.4%.
  • Liquidity: The loan-to-savings ratio remained at 67%, while the liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) fell from 20% to 19%.
  • Capital: The movement’s overall capital-to-asset ratio remained at 10%.

The total dollar amount of capital is $104 billion.

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