MCUE: loans to credit unions increased by 1.6% in March | 2022-05-10

Outstanding credit union loans rose 1.6% in March, compared with a 1.1% increase in February 2022 and a 0.1% increase in March 2021, according to the latest monthly estimates from credit unions. CUNA credit. Other loans led loan growth during the month, up 5.1%, followed by used auto loans (2.1%), fixed rate mortgages (1.9%), new auto loans (1.2%), credit card loans (0.9%), home equity. loans (0.9%) and unsecured personal loans (0.5%).

Down over the month, other home loans (-3.5%) and adjustable-rate home loans (-3.2%).

Credit union savings balances increased 1.8% in March, compared to a 1.6% increase in February 2022 and a 4.2% increase in March 2021. Equity drafts increased led the growth in savings during the month, up 2.8%, followed by common stocks (2.2%). , money market accounts (2.0%) and individual retirement accounts (0.4%).

Down, one-year certificates (-0.8%).

Credit union delinquencies over 60 days fell 0.4% in March from February.

The loan-to-savings ratio fell to 70.9% in March from 71.0% in February. The liquidity ratio (the ratio of excess funds maturing in less than a year to borrowings plus other liabilities) declined from 18.6% in February to 18.0% in March.

Total credit union memberships rose 0.2% in March to 132.6 million.

The movement’s overall capital-to-asset ratio fell to 9.2% in March from 9.6% in February. Total dollar capital was down -3.3% to $197.9 billion.

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