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Some CU lending trends going the wrong way. (Source: Shutterstock)

Credit union loan growth slowed in February slowed to its lowest rate in at least four years because of weakness in automotive lending.

CUNA’s Monthly Credit Union Estimates show the nation’s 5,609 credit unions held $1.07 trillion in total loans as of Jan. 31, up 8.6% from a year earlier. From September 2014 to December 2017, loan growth measured over 12 months grew in a range of 10% to 10.9%. Last year’s range was 9.1% to 9.9%.

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Jim DuPlessis

A journalist for decades.

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