According to CUNA Mutual Group’s January Credit Union Trends Report, which summarizes data from November 2015, credit union loan balances rose 0.63% in November – a slightly slower pace than the 0.68% reported in November 2014. Driving the overall growth was strong growth in home equity lines of credit (1.5%), unsecured personal loans (1.4%) and new auto loans (1.1%).

Credit union consumer installment credit balances (auto, credit card and other unsecured loans) rose 0.5% in November, half of the 1% pace set in November 2014. Consumer installment credit grew 12% over the last year, faster than the 8.5% rise in real estate loans. The household debt service ratio (mortgage and consumer debt payments required to remain current on that debt as a percentage of disposable income) was 10.03% in the third quarter, according to the Federal Reserve, slightly above the record low of 10.01% set in the fourth quarter of 2014.

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