Deposits Again Flood Back In During January
After a stagnant fourth quarter for share growth, deposits began to pour back into credit unions in January, to the tune of $3.8 billion of new shares, according to CUNA. That comes after three months of almost no share growth. Still, January's share growth, 0.7%, was less than half the growth of last January when $8.3 billion of new deposits, poured into the nation's credit unions. Loan growth was tepid, as it usually is in January, with loan portfolios expanding only 0.3%. Loan delinquencies continued to rise to 0.77% in January, from 0.70% in December, and 0.71% in November. The net capital ratio declined to 10.6%, from 10.8% in December.
Ed Roberts can be reached at eroberts