MADISON, Wis. — System-wide there remains adequate liquidity, but the ratio of surplus funds-to-assets has steadily eroded to its current level of 25.9%.
|According to CUNA Mutual Group's August Credit Union Trends Report, surplus funds, which is cash and investments, were revised down by $1.3 billion and credit union borrowing was restated lower by $1.1 billion. The impact on liquidity was "basically neutral," said Dave Colby chief economist at CUNA Mutual. Credit unions remain very liquid with almost 56% of surplus funds scheduled to mature in one year or less.
|During August, surplus funds fell $4.5 billion and CU borrowing increased by $3.2 billion.
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