Credit unions had another record-breaking month in October: The slowest total loan growth and the greatest slough of auto loans in at least 10 years, according to a report from America’s Credit Unions.
Its Monthly Credit Union Estimates released Dec. 13 showed the nation’s 4,665 credit unions held $1.67 trillion in total loans as of Oct. 31, up 2.9% from a year earlier and up 0.4% from September, compared with an average September-to-October gain of 0.7% from 2014 through 2023.
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