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Auto loans driving credit union growth.

Car loans provided above-average growth for loan portfolios among credit unions large and small last year, even as U.S. consumers slowed down purchasing.

Among the nation’s 5,652 federally insured credit unions, total car loans were $335.9 billion at Dec. 31, up 12.6% from a year earlier. New car loans were $133.3 billion, up 14.3%, and used car loans were $202.6 billion up 11.6%, according to NCUA data released March 5.

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Jim DuPlessis

A journalist for decades.

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