CUNA's latest data included revisions that revealed that asset quality, while still relatively high, began deteriorating in July. Loans that were 60 days or more delinquent accounted for 0.56% of total loans as of Nov. 30, up from 0.54% in October and 0.47% a year ago. Previous estimates had shown the delinquency rate hovering around 0.50% from July through October.

The Fed G-19 Consumer Credit Report released Monday showed credit unions held $72.7 billion in credit card debt Nov. 30, up 14.3% from a year earlier. The balance rose 1.7% from the previous month, slightly below the average November gain of 1.4%.

Credit unions held 6.2% of the nation's credit card balances as of Nov. 30, down slightly from 6.3% a month earlier and in November 2021.

Banks' share grew with faster growth. They held $1.1 trillion in credit card debt Nov. 30, up 16% from a year earlier and up 3.4% from a month earlier. Banks' share was 91.1% in November, compared with 91.0% a month earlier and 90.5% a year earlier.

At credit unions, November showed the highest 12-month gain since at least August 2014 for total loans, used car loans, total car loans, personal loans and second-lien real estate loans. October-to-November gains were also far higher than normal in those areas.

The nation's 4,936 credit unions in CUNA's report had 137.6 million members Nov. 30, up 4.5% from a year earlier, and up 0.1% from the previous month. CUNA's report also showed:

• Savings were $1.87 trillion, up 4.1% Nov. 30 from a year earlier, and down 0.3% from the previous month.
• Savings per member were $13,588, down 0.3% Nov. 30 from a year earlier, and fell 0.5% from the previous month.
• Total loans grew 19.3% to $1.52 trillion Nov. 30 from a year earlier, and rose 1.2% from the previous month, compared with an average November gain of 0.6%.
• Loans per member were $11,046, up 14.2% Nov. 30 from a year earlier, and rose 1% from the previous month.
• New car loans grew 20.4% to $173.3 billion Nov. 30 from a year earlier, and rose 1.2% from the previous month, compared with an average November gain of 0.7%.
• Used car loans grew 19.9% to $317.7 billion Nov. 30 from a year earlier, and rose 1.2% from the previous month, compared with an average November gain of 0.4%.
• Unsecured consumer term loans (excluding credit cards) grew 25.5% to $65.7 billion Nov. 30 from a year earlier, and rose 2.9% from the previous month, compared with an average November gain of 1%.
• Total consumer credit (autos, cards, unsecured term loans) grew 19.9% to $629.2 billion Nov. 30 from a year earlier, and rose 1.4% from the previous month, compared with an average November gain of 0.8%.
• Second-lien mortgages grew 28.2% to $109.4 billion Nov. 30 from a year earlier, and rose 4% from the previous month, compared with an average November drop of 0.1%.