Credit unions experienced the highest loan growth since 2006 and total assets reached $1.1 trillion at the end of the third quarter, according to NCUA call report data for the third quarter ending Sept. 30.
Outstanding loan balances rose 10.1% from the third quarter of 2013 to $695.3 billion.
New auto loans grew 19.4% to $82.4 billion while used auto loans rose 12.2% to $140.3 billion.
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