Credit unions increased their share of lending in March forcredit cards and non-revolving loans, including automobiles, theFed reported Monday.
The Fed's G-19 Consumer Lending Report showed creditunions made a strong gain in their share of consumer loans in Marchas their portfolios rose twice as fast as banks over the past yearand continued to rise from February to March, when banks'portfolios shrank.
Consumer lending has become more important for lenders as realestate originations decline.
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