Here’s How Credit Unions Performed Overall to Kick Off 2022

Credit union loans outstanding increased 1.0% in February 2022, compared to a 0.7% increase in January of 2022 and a 0.2% decrease in February of 2021, according to CUNA’s latest Monthly Credit Union Estimates.

Unsecured personal loans led loan growth during the month rising 4.6%, followed by fixed-rate mortgage loans (1.3%), home equity loans (1.2%), used auto loans (1.0%), other mortgage loans (0.9%), new auto loans (0.8%), and other loans (0.6%).

On the decline during the month were adjustable-rate mortgages (-0.7%), and credit card loans (-0.1%).