Lending

Implementing document processing automation is critical for credit unions.

But odds favor avoiding a recession at least through 2024, even as loan growth slows.

Economists see a softening of the jobs market in July supporting the Fed pausing interest rate hikes at its Sept. 20 meeting.

Credit unions hit their peak in the third quarter, but their share of the number of loans and leases has been falling since.

"It's great to be able to be in that position to lower the cost of auto lending at the time it's really needed."

Reports from Cox Automotive and Edmunds show resilience for one of credit unions' biggest businesses.