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Credit unions in August continued to outpace past lending performance, but delinquency rates rose over the summer faster than previously estimated and surplus funds shrank from July, according to CUNA.

CUNA’s Monthly Credit Union Estimates released Oct. 6 showed especially strong month-to-month gains in auto loan balances, but all major categories showed gains that exceeded averages over the previous seven years. Twelve-month gains were the highest since at least August 2014 for total loans, total car loans, personal loans and second-lien real estate loans.

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Jim DuPlessis

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