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Credit unions increased their share of consumer term loans in February, but their share of credit cards was unchanged, according to Fed data released Friday.

The Fed’s G-19 Consumer Credit Report showed credit unions held $566.7 billion in non-revolving consumer loans Feb. 28, most of it in auto loans. In January, the Fed reported $565 billion in non-revolving consumer loans, and CUNA estimated $500.7 billion of that was in car loans, which credit unions have been originating at a much faster rate than banks in the past year. The rest are mostly unsecured personal loans.

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Jim DuPlessis

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