At best, modest loan growth is the most credit unions areexperiencing even as auto sales increased by 8% inSeptember.
Vehicleloans outstanding have increased a modest just 0.2% throughAugust, according to the latest data from CUNA. A 9.4% decline innew vehicle loans was offset by a 6.1% increase in used vehicleloans.
“Given the sales report, it is clear that the credit unionindustry continues to losemarket share,” said Brian Turner, director of advisory servicesat Catalyst Strategic Solutions, an investment subsidiary ofCatalyst Corporate Federal Credit Union.
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