gnbzurst

Credit union auto loans increase by double-digits in 40 states

By on December 18, 2020

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The strong growth in the auto portfolio drives gains in first quarter consumer lending for America’s credit unions.by: Sam TaftNearly every type of lending surged during the first quarter of 2015 for credit unions. Aggregate loan balances increased 10.6% — or $70 billion — to $731.2 billion as of March 2015. With a respective 21.5% and 13.3% growth, new and used auto loans posted the strongest year-over-year percentage increases. Forty states reported 10% or higher growth in their total auto loan portfolio in the first quarter, and 11 states reported annual growth greater than 20%.Source: Peer-to-Peer Analytics by Callahan & Associates continue reading »last_img read more

Continue Reading