Private student loans comprise 0.32% of credit unions' total loan portfolios as of 3Q 2012, according to Callahan & Associates data, a small hike from 3Q 2011's 0.23%.
According to the Washington-based research and analysis firm, outstanding private student loans at credit unions total just over $1.9 billion as of 3Q 2012 — an increase of around $600 million in the past year.
Additionally, the number of credit unions that hold private student loan balances grew from 488 in 3Q 2011 to 581 in 3Q 2012, Callahan said.
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