Loan growth slowing for CUs (Image: Shutterstock).
Credit unions and other lenders have been riding a good wave for the past two years, but rising interest rates and lower demand might finally be showing up in loan production.
A study released Thursday by TransUnion showed credit cards and unsecured loans have grown rapidly since mid-2021. The Chicago credit reporting agency also found slowing consumer loan growth and delinquencies returning to pre-pandemic levels.
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