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.
Total real estate lending grew 8.7%, to $411.2 billion, while payday alternative loans rose 4.2%, to $119.9 million at an annual rate.
Total investments by federally insured credit unions dropped 2.5%, to $271.9 billion.
The delinquency rate for credit cards was 93 basis points, compared with 86 points a year earlier, the agency said. The delinquency rate for fixed real estate was 55 basis points, down from 68 basis points in the second quarter of 2015.
The delinquency rate for member business loans stood at 149 basis points, 47 basis points higher than in 2015.
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