Outstanding loans increased at a slightly higher rate in June, savings balances declined and share accounts rose slightly, according to a CUNA survey of 400 credit unions.
Outstanding loans rose to 0.3% in June, up from 0.2% in May. However, there were $582 billion in loans made in June, compared with $585.9 billion in June 2010.
The largest loan growth was in adjustable rate mortgages, which grew 1.2%, unsecured personal loans grew 1%, and used car loans rose 0.8%. Credit card loans rose 0.3%.
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