Credit union loans outstanding increased 0.4% in November, compared to a 0.4% increase in October of 2024 and a 0.3% decrease in November of 2023, according to America’s Credit Unions’ latest Monthly Credit Union Estimates. Estimates are based on information from a monthly sample of credit unions and are revised whenever more complete data is available.  

Home equity loans led loan growth during the month rising 1.5%, followed by other mortgage loans (1.1%), unsecured personal loans (1.0%), adjustable-rate mortgages (0.8%), other fxed rate mortgages (0.3%), credit card loans (0.7%), and used auto loans (0.05%).

On the decline were new auto loans (-0.1%).

Credit union savings balances increased 1.0% in November, compared to a 0.7% increase in October of 2024 and a 0.3% increase in November of 2023.

Shared drafts led savings growth during the month rising to 2.4%, followed by one-year certificates (0.9%), regular shares (0.6%), money market accounts (0.4%), and individual retirement accounts (0.3%).

Credit unions’ 60+ day delinquency increased to 1.0% in November.

The loan-to-savings ratio decreased from 83.9% in October to 83.4% in November. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) increased from 14.5% in October to 15.0% in November.

Total credit union memberships increased 0.1% in November to 144.7 million.

The movement’s overall capital-to-asset ratio increased to 9.7% in November. The total dollar amount of capital increased by 0.7% to $229 billion.