Wednesday, August 17, 2011 10:21:00 AM
Each month, CUNA Mutual Group publishes a Credit Union Trends Report, a general overview of the health of credit unions in the U.S. The New Jersey Credit Union League posts these monthly reports on its site for member credit unions.
CUNA Mutual Group recently released its August 2011 Credit Union Trends Report, offering June 2011 data. The report, written by Dave Colby, CUNA Mutual Group's chief economist, is a general overview of U.S. credit unions in the month of June as well as recent economic trends in the industry and the nation as a whole.
This report is CUNA Mutual Group's first look at mid-year credit union data, which shows modest lending positives in the second quarter and a solid capital position. According to the data, the credit union loan portfolio increased in each month of the second quarter, growing to $4.8 billion (a 0.8% gain), though total credit union loans are down 0.4% YTD and 0.5% over the past year.
The capital-to-asset ratio (10.1%) and the loan-to-share ratio (69.6%) remain solid, but CUNA Mutual Group predicts that assessment payments and "safe haven" deposit inflows will cause declines in both ratios for the next six months.
Member savings picked up fractionally in June primarily due to a 1.3% month-only gain in regular shares. This component of member savings (31% of all savings) is up a healthy 8.9% YTD and an astounding 10.8% since June 2010.
The report also includes statistics on savings and assets, capital and other keys measures, membership growth, and surplus funds.
The full report is available to member credit unions on the League Web site here. This aspect of the site is limited to members only and requires a password. To receive a login, click "Member Login" to request credentials.