stack of credit cards CUs make gains on credit card debt. (Source: Shutterstock)

Credit unions built their portfolios of consumer loans more than twice as fast as other lenders in March as they increased their share of credit cards and auto loans.

The Fed’s G-19 Consumer Credit Report released Tuesday showed credit unions held $61.5 billion in credit card debt on March 31, up 8.1% from a year earlier. Lenders of all types held $1 trillion in credit card debt, up 3.4% from a year earlier.

Jim DuPlessis

A journalist for decades.

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