Credit unions kept up with other lenders in mortgages last year, while falling behind in automotive loans.
Data released Tuesday by the FDIC showed the economic effects of the pandemic were similar for banks and credit unions: Big increases in savings, small growth for loans and surprising resilience in returns on average assets.
Credit unions held $384.5 billion in auto loans as of Dec. 31, just 0.9% more than a year earlier, according to the Credit Union Trends Report released Tuesday by CUNA Mutual Group of Madison, Wis.
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