WASHINGTON–Outstanding loans at credit unions increased 0.24% in October, compared with a 0.54% increase in September and a -0.01% decrease in October of 2024, according to new analysis from America’s Credit Unions.
The data appears in the trade group’s latest Monthly Credit Union Estimates, which America’s Credit Unions said 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.
The Findings
According to America’s Credit Unions:
- Home equity lines of credit led loan growth at 1.45%, followed by second mortgages (0.88%), unsecured personal loans (0.42%), first mortgages (0.26%), private student loans (0.22%), and credit cards (0.18%).
- Auto loans (-0.09%) and secured personal loans (-0.15%) declined during the same time period.
