Outstanding loans to credit unions rose 0.6 percent in April, compared with an increase of 0.1 percent in March 2021 and an increase of 0.3 percent in April 2020, according to the latest monthly estimates from credit unions. CUNA credit.
Variable rate mortgages led loan growth in the month, increasing 1.2%, followed by fixed rate mortgages and home equity loans (both up 0.9%), used car loans (0.6%) and other mortgage loans (0.04%).
Unsecured personal loans (-1.9), credit card loans (-1.0%) and new auto loans (-0.2%) fell for the month.
Credit union savings balances rose 1.7% in April, compared to an increase of 4.4% in March 2021 and an increase of 4.6% in April 2020. Stock drafts led the savings growth during the month, increasing 5.9%, followed by money market accounts (2.0%), and regular stocks (1.3%).
Down over the month, one-year certificates (-1.5%) and individual retirement accounts (-0.4%).
Credit union delinquency over 60 days remained at 0.5% in April.
The loan / savings ratio fell from 69.2% in March to 68.4% in April. The liquidity ratio (the ratio
from surplus funds of less than one year to borrowings plus other liabilities) fell from 22.5% in March to 22.6% in April.
The total membership of credit unions rose 0.2% in April to 128.1 million.
The movement’s overall capital-to-assets ratio remained at 9.8% in April. The total amount of dollar capital increased 1.1% to $ 197.6 billion.