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

December 18, 2020

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The strong growth in the auto portfolio drives gains in first quarter consumer lending for America’s credit 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

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