WASHINGTON–Outstanding loans at credit unions were up by 0.48% in May, compared to a 0.2% increase in April and a 0.14% increase in May 2024, according to America’s Credit Unions’ latest Monthly Credit Union Estimates.

The Estimates found loan growth was led by home equity lines of credit (2.01%), second mortgages (0.63%), credit cards (0.57%), auto loans (0.48%), secured personal loans (0.39%), unsecured personal loans (0.34%), and first mortgages (0.19%)

Private student loans (-1.23%) declined.

The report is 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.