"The July jobs report was almost uniformly positive with strong job gains resulting in a large drop in the unemployment rate," NAFCU Chief Economist Curt Long said. "The retail sector did not enjoy a share in the gains, losing over 5,000 jobs during the month, but otherwise gains were broad."

The Fed's G-19 report found all lenders held $1.28 trillion in car loans in June, up 7.1% from a year earlier.

But CUNA estimates released Wednesday showed credit unions' auto loans grew only 3.5% to $392.8 billion. As a result, their share continued a general decline that began more than two years ago.

Credit unions' share was 30.6% in June, down from 31.7% in June 2020 and 31.1% in March. It peaked at 32.6% in December 2018.

Banks and credit unions have reported rising credit card spending this year, while payoff rates have been slowly declining, allowing a slow rise in balances.

Credit unions held $61 billion in credit card debt on June 30, up 0.6% from May to June. Credit card balances typically rise 0.4% month-to-month from May to June, based on 10-year averages of Fed data for all lenders from 2010 through 2019. It also rose 0.4% in June 2020, three months after COVID-19 was declared a pandemic.

Still, credit card balances at credit unions were 6.5% below their February 2020 levels.

Credit unions' share of credit card balances among all lenders was 6.4% in June, compared with 6.5% in May and 6.2% in February 2020.

Banks held $855.7 billion in credit card debt, up 2.2% from May to June but still 9.6% lower than in February 2020. Banks' share was 90.0% in June, up from 89.8% and nearing their peak of 90.1% in February 2020.