Search
 

Credit Unions Provide Nearly One-Third of Car Loans

Fed data shows credit unions' share of auto loans tops 32% in June.

Auto lending trends heading up.

Credit unions held record shares of the nation’s loans to consumers for credit cards and automobiles in June, the Fed reported Tuesday.

The Fed’s G-19 Consumer Lending Report showed credit unions held 5.8% of the nation’s credit card debt in June, their highest share since the Fed began tracking the numbers in January 1984. It was essentially unchanged from 5.8% in May and up from 5.6% in June 2017.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Jim DuPlessis

Jim DuPlessis

A journalist for decades.

More from this author

Dig Deeper

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.