Total loans outstanding at federally insured credit unions increased to $823.4 billion during the second quarter of 2016, an increase of 10.5% from a year ago, the NCUA said Sept. 6.
At the same time, delinquencies rose in several loan categories, according to data based on the agency's call reports. The delinquency rate rose one basis point from last year and stood at 75 basis points, the agency said.
Year over year, loans grew in every major category, with new auto loans leading the pack, with a 15.6% increase, to $107.3 billion. Used auto loans increased 13.1%, to $173 billion.
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