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Banks and credit unions are competing closely in nearly all loans with the exception of auto loans.

According to rate tracking firm Informa Research Services Inc. of Calabasas, Calif., credit unions had an average rate of 3.92% on five-year, new auto loans compared to banks at 5.39% as of June 14. With two-year to four-year, used auto loans, credit unions had an average rate 4.05% and banks’ average rate was 5.64%.

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