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Aging Cars May Continue to Drive CU Loan Growth
By Michelle A. SamaadAccording to CUNA Mutual Group, used vehicle loans at credit unions were up 3.7% year to date and 6.8% since June 2011.
CU Times compiles our exclusive data sets in combination with information received from NCUA and other federal agencies to give a clear view of lending trends involving credit unions (i.e. mortgage, auto loans, HELOCs, student loans).
According to CUNA Mutual Group, used vehicle loans at credit unions were up 3.7% year to date and 6.8% since June 2011.