Credit union loans outstanding increased 0.5% in June, compared to a 0.5% increase in May of 2024 and a 0.7% increase in June 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.
Other mortgage loans led loan growth during the month rising 3.7%, followed by adjustable-rate mortgages (3.0%), home equity loans (1.3%), unsecured personal loans (1.3%), and credit card loans (0.8%).
On the decline were new auto loans (-0.2%), used auto loans (-0.2%), and fixed rate mortgages (-0.3%).
Credit union savings balances declined -0.03% in June, compared to a 0.9% increase in May of 2024 and a 0.6% increase in June of 2023.
One-year certificates led savings growth during the month rising to 1.6%, followed by individual retirement accounts (0.2%). On the decline were money market accounts (-0.4%), regular shares (-0.7%), and share drafts (-1.3%).
Credit unions’ 60+ day delinquency rate increased to 0.9% in June.
The loan-to-savings ratio increased from 83.4% in May to 83.8% in June. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) decreased from 14.4% in May to 14.3% in June.
Total credit union memberships increased 0.04% in June to 142.3 million.
The movement’s overall capital-to-asset ratio increased to 9.3% in June. The total dollar amount of capital increased by 1.4% to $216.7 billion.
