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Loans for cars and other consumer credit ballooned at both credit unions and banks in April, which a NAFCU economist said showed that consumer borrowing is returning to normal.

And CUNA’s latest Monthly Credit Union Estimates showed mortgage growth at credit unions in April was nearly as good as consumer loans. Total real estate grew 11.9% to $692.5 billion In April, and rose 2.1% from the previous month, compared with an average of 0.6% from 2017 to 2021.

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Jim DuPlessis

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