Private loans, bank cards lead mortgage development in December | 2022-02-11


Credit score union loans excellent elevated 1.0% in December, in comparison with a 0.6% enhance in November of 2021 and a 0.2% enhance in December of 2020, in keeping with CUNA’s newest Month-to-month Credit score Union Estimates.

Unsecured private loans led mortgage development throughout the month rising (2.6%), adopted by bank card loans (2.3%), fixed-rate mortgage loans (2.0%), residence fairness loans (1.2%), adjustable-rate mortgages (1.0%), used auto loans (0.7%), and new auto loans (0.3%). On the decline throughout the month had been different loans (-1.8%) and different mortgage loans (-0.6%).

Credit score union financial savings balances elevated 1.4% in December, in comparison with a 0.1% enhance in November of 2021 and a 1.9% enhance in December of 2020. Share drafts led financial savings development throughout the month, rising 3.5%, adopted by cash market accounts (1.4%). On the decline had been one-year certificates (-0.5%).

Credit score unions’ 60+ day delinquency remained at 0.5% in December like final November.

The loan-to-savings ratio declined to 70.4% in December in comparison with 70.7% in November. The liquidity ratio (the ratio of surplus funds maturing in lower than one yr to borrowings plus different liabilities) declined from 19.1% in November to 18.7% in December.

Whole credit score union memberships grew to 0.2% throughout December to 131.8 million.

The motion’s general capital-to-asset ratio remained at 10.0% in December like final month. The overall greenback quantity of capital grew .71% to $209.1 billion.

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