While auto sales in September increased 8%, credit unions are still experiencing modest loan growth.

Vehicle loans outstanding have increased a modest just 0.2% through August, according to the latest data from CUNA. A 9.4% decline in new vehicle loans was offset by a 6.1% increase in used vehicle loans.

"Given the sales report, it is clear that the credit union industry continues to lose market share," said Brian Turner, director of advisory services at Catalyst Strategic Solutions, an investment subsidiary of Catalyst Corporate Federal Credit Union.

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