Chart showing credit unions have lost auto loan shares in 2023

Another sign that credit unions' share of auto loans is slipping emerged from two reports this month.

The smaller share emerged by comparing CUNA's Monthly Credit Union Estimates showing total auto loan balances held by credit unions, and the Fed's G-19 Consumer Credit Report showing end-of-the-quarter balances for all U.S. auto loans through June.

Credit union car loans accounted for 32.8% of U.S. car loans on June 30, up from 31.4% a year earlier but down from a peak of 33.1% in March.

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Jim DuPlessis

A journalist for decades.