WASHINGTON – “Not-so-bad” loan growth and negative savings growth pushed credit unions’ loan-to-share ratio up over 80% in May, according to CUNA’s Monthly Credit Union Estimates.

Loans increased just 1% in May, which CUNA Senior Economist Mike Schenk called “not-so-bad,” bringing year-to-date loans outstanding to 2.8% growth. This figure is much lower than last year’s 3.6% growth for the same period. “Other” mortgage loans led the way with 3.6% growth followed by credit cards, which grew 1.8%. Delinquencies stayed the same at 0.6% and the capital-to-asset ratio crept up to 11.2% for the month.

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