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Home›Unsecured loans›MCUE: outstanding loans increased by 0.8% in May | 2021-07-20

MCUE: outstanding loans increased by 0.8% in May | 2021-07-20

By Mark Herras
July 20, 2021
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Outstanding loans to credit unions rose 0.8 percent in May, compared with an increase of 0.6 percent in April 2021 and an increase of 1.1 percent in May 2020, according to the latest monthly estimates from credit unions. CUNA credit. Credit card loans led loan growth in the month, up 2.0%, followed by used auto loans (1.4%), fixed rate mortgages (0.8% ), new auto loans (0.5%), home equity loans and unsecured personal loans both increasing 0.4%.

Variable rate mortgages (-0.5%) and other mortgages (-0.4%) declined during the month.

Credit union savings balances fell 0.5% in May, compared to an increase of 1.7% in April 2021 and an increase of 2.5% in May 2020. Money market accounts led savings growth over the month, increasing 1.1%, followed by individual retirement accounts. (0.2%) and regular actions (0.01%).

Down during the month, share drafts (-3.0%) and one-year certificates (-1.2%).

Credit union delinquency over 60 days remained at 0.5% in May.

The loan / savings ratio fell from 68.6% in April to 69.5% in May. The liquidity ratio (the ratio of funds in excess of less than one year to borrowings and other liabilities) fell from 23.1% in April to 21.7% in May.

The total number of credit union memberships rose 0.2% in May to 128.7 million.

The movement’s overall capital-to-asset ratio remained at 9.8% in May. Total dollar capital increased 1.1% to $ 199.3 billion

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