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WASHINGTON – Savings were down a bit in April with loans increasing pulling credit unions’ loan-to-savings ratio up to 78.8% at the end of the month, according to CUNA’s Monthly Credit Union Estimates.

Loans outstanding rose 0.8% in April for a year-to-date increase of 1.6%; the same four-month period last year yielded credit unions a 2.6% increase in loans. “Other” loans led growth in April at 6.7% followed by “other” mortgages (2.9%). Unsecured personal loans (1.2%), new auto loans (0.5%), and fixed rate mortgages (0.1%) were also up. Used auto loans, adjustable-rate first mortgages, and home equity loans all declined slightly in April, 0.7%, 0.5% and 0.4%, respectively.

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