Lending growth for credit unions.

Credit unions enjoyed faster loan growth from March to April than a year ago thanks to the strength of used car loans, business loans and adjustable-rate purchase mortgages, according to a CUNA Mutual Group report Tuesday.

The Madison, Wis., CUSO’s monthly Credit Union Trends Report shows slower growth in overall car loans, while the real estate sector is picking up. The 5,724 credit unions tracked by CUNA Mutual had just over $1 trillion in total loans as of April 30, up 10.8% from a year ago. The March-to-April gain was 1.1% compared with 0.9% a year earlier.

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Jim DuPlessis

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