Outstanding loans to credit unions rose 0.8 percent in July, compared with an increase of 1.0 percent in June 2021 and an increase of 0.7 percent in July 2020, according to the latest monthly estimates from credit unions. CUNA credit. 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%).
Mortgage 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.