Outstanding loans to credit unions rose 0.8% in July | 2021-09-13

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Outstanding loans to credit unions rose 0.8% in July, compared to an increase of 1.0% in June 2021 and an increase of 0.7% in July 2020, according to the latest CUNA report. Monthly estimates from credit unions. Other mortgages led loan growth in the month, up 1.8%, followed by home equity loans (1.3%), fixed rate mortgages (1.1%), used car loans (0.8%) and credit card loans (0.7%).

Home loans at adjustable rates (-1.5%), unsecured personal loans (-1.0%) and new car loans (-0.2%) were down during the month.

Credit union savings balances increased 1.2% in July, compared to an increase of 0.2% in June 2021 and an increase of 1.5% in July 2020.%), and regular stocks ( 1.0%).

Down over the month, one-year certificates (-0.5%) and individual retirement accounts (-0.3%).

Credit union delinquency over 60 days remained at 0.4% in July.

The loan / savings ratio fell from 70.1% in June to 69.8% in July. The liquidity ratio (the ratio of funds in excess of less than one year to borrowings and other liabilities) fell from 20.0% in June to 21.1% in July.

The total number of credit union memberships rose 0.2% in July to 129.4 million.

The movement’s overall capital / asset ratio remained at 10.0% in July. The total amount of dollar capital increased 1.4% to $ 204.2 billion.


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