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Credit union loan balances showed little spring from March to April, but it was enough to break an unusual three-month streak of declining portfolio balances, according to a report from America's Credit Unions.
The trade group's Monthly Credit Union Estimates report released Friday showed the nation's 4,719 credit unions held $1.64 trillion in loans on April 30, up 4.5% from a year earlier. The 0.4% gain from March was only half of the average 0.8% March-to-April gain over the previous seven years. Nonetheless it broke a streak of three consecutive declines that lowered loan balances by $2.2 billion, or 0.1%, from December to March.
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