auto lending slows down Source: Shutterstock.

Credit union vitals started the year on much the same path as last year, with loan growth slowing in most categories, savings exceeding borrowing and new car loans shrinking for the second month in a row, according to a CUNA report released this week.

The Madison, Wis., trade group’s Monthly Credit Union Estimates found the nation’s 5,427 credit unions held $1.14 trillion in total loans on Jan. 31, up 6.7% from a year earlier. That’s lower than the growth rate of 8.7% from January 2018 to January 2019, but a slight improvement from the 6.7% 12-month rate in December 2019.

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

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

  • Critical 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 and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jim DuPlessis

A journalist for decades.

More from this author

Dig Deeper


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 and

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

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