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Auto loans (Image: Shutterstock).

The year 2019 is starting with the same trends that credit unions experienced at the end of last year: loan balances that are rising at a healthy clip, but at rates slower than years past.

CUNA’s Monthly Credit Union Estimates show the nation’s 5,613 credit unions held $1.07 trillion in total loans as of Jan. 31, up 9% from a year earlier. The 12-month gains have been trending down since their last high of 10.9% in July 2017, with slowing in key areas of automobile loans, mortgages and credit cards.

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Jim DuPlessis

A journalist for decades.

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