Roughly 68% of all credit union loan growth during the past year was attributable to the 8.8% rise in consumer installment credit.
According to CUNA Mutual Group's August Credit Union Trends Report, 81% of that gain came from the $16.6 billion increase in vehicle loans.
However, credit cards, unsecured loans and student loans were also in positive territory, noted the report, which tracked data through June.
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