WASHINGTON–Credit union loans outstanding increased by 0.2% in April, compared to -0.4% growth in March and 0.34% growth in April 2024, according to the latest Monthly Credit Union Estimates from America’s Credit Unions.
According to the new Estimates:
- Home equity lines of credit led loan growth (0.89%)
- Credit cards were second (0.43%), followed by auto loans (0.14%), second mortgage loans (0.59%), and first mortgage loans (0.14%).
- Secured personal loans (-0.15%), unsecured personal loans (-0.22%), and private student loans (-0.6)% all declined in April, America’s Credit Union said.
About the Report
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 the trade group.
