Credit union loans outstanding increased 0.4% in October, compared to a 0.4% increase in September of 2024 and a 0.4% increase in October of 2023, according to America’s Credit Unions’ latest Monthly Credit Union Estimates (MCUEs). The 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 3.3%, followed by other fixed rate mortgages (3%), credit card loans (0.6%), unsecured personal loans (0.6%), and other mortgage loans (0.2%). On the decline were new auto loans (-0.1%), used auto loans (-0.1%), and adjustable-rate mortgages (-1%). 

Credit union savings balances increased 0.7% in October, compared to a -0.04% decline in September 2024 and a -0.7% decline in October 2023. One-year certificates led savings growth during the month, rising to 1.3%, followed by share drafts (1.1%), money market accounts (0.6%), and regular shares (0.2%). On the decline were individual retirement accounts (-0.03%). 

Credit unions’ 60+ day delinquency increased to 0.9% in October. 

The loan-to-savings ratio decreased from 84.3% in September to 84% in October. The liquidity ratio (the ratio of surplus funds maturing in less than one year to borrowings plus other liabilities) increased from 14.1% in September to 14.4% in October. 

Total credit union memberships increased 0.01% in October to 144 million. 

The movement’s overall capital-to-asset ratio decreased to 9.6% in October. The total dollar amount of capital decreased by -0.6% to $226.3 billion.