Credit unions' share is about 10 basis points lower than previously reported because the Fed revised credit card balances for all lenders upwards by 0.8% to 1.4% over the previous 12 months, but it did not revise bank or credit union balances.

Banks held $1.1 trillion in credit card debt, up 12.1% from a year earlier and up 0.9% from the previous month, which is close to their 1.0% average for the past seven years. Banks' share was 90.4% in June, unchanged from May and up from 90.1% a year earlier.

Credit unions held $577.3 billion in auto loans, personal term loans and other non-revolving consumer debt on June 30, up 11.7% from a year earlier. It was up 0.8% from May 31, which is close to their average of 0.7% from May to June over the past seven years.

Credit unions' share of non-revolving loans was 15.4% in June, unchanged from May and up from 14.4% a year earlier.

Banks held $943.9 billion in non-revolving consumer debt on June 30, up 2.1% from a year earlier. It rose 0.2% from May, which is slower than its average gain of 0.7% for the month.

Banks' share of non-revolving loans was 25.2% in June, down slightly from 25.3% in May and 25.7% in June 2022.

The Fed's June report also included its quarterly automobile loan balances. All lenders held $1.53 trillion in car loans June 30, up 6.1% from a year earlier, far slower than gains for the largest credit unions. Automobile loans' share of non-revolving loans for all lenders was 41.0% in 2023-06, compared with 40.2% a year earlier.

NCUA data analyzed by CU Times for the 10 largest credit unions showed auto loan balances rose 14.7% over the past 12 months to $58.2 billion, while credit card balances grew 17.5% to $30.5 billion.

Here's a summary of Top 10 credit unions' lending from June 2022 to June 2023:

1. Navy Federal Credit Union, Vienna, Va. ($165.3 billion in assets, 12.9 million members) held $23.2 billion in credit cards, up 16.1%, and $22.2 billion in car loans, up 19.1%.

2. State Employees' Credit Union, Raleigh, N.C. ($49.6 billion in assets, 2.8 million members) held $920.6 million in credit cards, up 15.2%, and $3.4 billion in car loans, up 14%.

3. Pentagon Federal Credit Union, Tysons, Va. ($35.5 billion in assets, 2.9 million members) held $1.9 billion in credit cards, up 24.5%, and $6 billion in car loans, up 5.3%.

4. BECU, Tukwila, Wash. ($29 billion in assets, 1.4 million members) held $1.3 billion in credit cards, up 20.3%, and $3 billion in car loans, up 14%.

5. SchoolsFirst Federal Credit Union, Santa Ana, Calif. ($28.7 billion in assets, 1.3 million members) held $876.9 million in credit cards, up 23.9%, and $4.7 billion in car loans, up 25%.

6. Golden 1 Credit Union, Sacramento, Calif. ($20.5 billion in assets, 1.1 million members) held $444.8 million in credit cards, up 13.9%, and $4.2 billion in car loans, up 24.1%.

7. Alliant Credit Union, Chicago ($19 billion in assets, 809,880 members) held $212.5 million in credit cards, up 3.8%, and $1.3 billion in car loans, down 22%.

8. America First Federal Credit Union, Riverdale, Utah ($18.7 billion in assets, 1.3 million members) held $690.3 million in credit cards, up 20.3%, and $6.3 billion in car loans, up 10.7%.

9. Mountain America Federal Credit Union, Salt Lake City ($17.3 billion in assets, 1.2 million members) held $620.5 million in credit cards, up 32%, and $5.2 billion in car loans, up 11.5%.

10. First Tech Federal Credit Union, San Jose, Calif. ($16.9 billion in assets, 650,424 members) held $374.6 million in credit cards, up 26.5%, and $2 billion in car loans, down 3.4%.