MCUE: Adjusted mortgages lead growth in November | 2022-01-18


Credit union loans outstanding rose 0.7% in November, compared with a 1.0% increase in October 2021 and a 0.2% increase in November 2020, according to the latest monthly estimates from credit unions. CUNA credit.

Adjusted mortgages led loan growth during the month (3%), followed by credit card loans (2.4%), fixed rate mortgages (1.3%), other auto loans used (0.80%) and other loans (0.20%). . Other mortgages (-5.132%), home equity loans (-1.8%), unsecured personal loans (-1.3%) and new auto loans (-0.05%) declined in course of the month.

Credit union savings balances increased 0.1% in November, compared to a 1% increase in October 2021 and a 0.1% increase in November 2020. Money market accounts led the savings growth during the month, increasing by 1%, followed by common stocks (0.5%).

Declining during the month were equity drafts (-1.1%), one-year certificates (-0.3%) and individual retirement accounts (-0.08%).

Credit union delinquencies over 60 days rose to 0.5% in November from 0.48% in October.

The loan-to-savings ratio rose to 70.7% in November from 70.4% in October. The liquidity ratio (the ratio of excess funds maturing in less than a year to borrowings plus other liabilities) declined from 20.17% in October to 19.15% in November.

Total credit union memberships rose 0.17% in November to 131.5 million.

The movement’s overall capital-to-asset ratio increased slightly, from 9.93% in October to 9.96% in November. Total dollar capital rose 0.44% to $207.6 billion.


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