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ARLINGTON, Va.-According to NAFCU’s August Flash Report survey, respondents were less hopeful about overall lending than they had been in the previous month. Credit unions are expecting a slowing in loan demand in three of the four categories surveyed. Responding credit unions said they expect “somewhat slower” share growth in the near-term as well, but this varies by region. NAFCU found that Regions 3, 4, and 5 actually expect share growth to pick up compared to July, while credit unions in Regions 1 and 2 were less optimistic about their near-term share growth. Feelings about the future of automobile lending were “mixed,” the report uncovered. Though the overall outlook leans toward a moderate increase in demand, used car loan growth is expected to slow slightly, most respondents said. They also anticipate a slow down in real estate loan demand as well, especially in Region 4. Still Regions 1, 2, and 3 expect a “modest increase.” Unsecured loan demand will weaken over the coming months, according to the Flash. “The interesting thing is that different parts of the country are doing different things,” NAFCU Chief Economist Tun Wai commented. He added that it takes about six months time for reality to catch up to the Flash credit unions’ predictions.

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