WASHINGTON–Credit union loans outstanding saw a rebound in September, according to the latest America’s Credit Unions Monthly Credit Union Estimates. The trade group said the data show loans increased 0.54% after a 0.38% decrease in August and a 0.41% increase in September 2024.
Credit union marketshare of outstanding loans shrunk to 14.60%.
According to America’s Credit Unions, overall, all categories of loans grew during the month, including:
- Home equity lines of credit (1.61%)
- Second mortgages (0.88%)
- Credit cards (0.83%)
- Unsecured personal loans (0.52%)
- Secured personal loans (0.52%)
- First mortgages (0.43%)
- Private student loans (0.33%)
- Auto loans (0.31%).
About the Numbers
Monthly Credit Union Estimates are generated from the Equifax Analytics Dataset, an anonymized random sample of credit report data that tracks 10% of all U.S. consumers with a Social Security number, according to America’s Credit Unions, which said additional information is available via the Data and Tools section of its website.
