New auto loan balances grew at a seasonally-adjusted annualized rate of 23.7% in April.
Numbers strong in auto loans and membership growth as well, CUNA Mutual Group reports.
2014 stands out for U.S. consumers carrying the largest amount of auto loan balances ever at $886 billion.
New car loans and leases are growing, but credit unions are also keeping an eye on rising auto loan delinquencies.
Small credit union CEOs share their tips to boost to the bottom line.
Read about two sharply different paths to substantial auto loan growth.
Auto shopping platform adds more vehicle inventory and more mobile access.
The increase in loan volume results in two consecutive quarters of total revenue growth, the industry's best numbers in five years.
The $3.3 billion credit union says since it discontinued its leasing business, it no longer has use for the lot.
Read what a Cadillac finance manager says credit unions can do to get more auto loan business.