Credit union loans fell 0.38% in August
Credit union loans outstanding decreased by 0.38% in August, compared to a 0.26% increase in July and a 0.48% increase in August 2024, according to America’s Credit Unions latest Monthly Credit Union Estimates.
Leading loan growth during the month were unsecured personal loans (0.98%), credit cards (0.40%), second mortgages (0.37%), auto loans (0.18), and secured personal loans (0.11%).
On the decline were home equity lines of credit (-1.59%), first mortgages (-1.03%), and private student loans (-.93%),
Monthly Credit Union Estimates are generated from the Equifax Analytics Dataset, an anonymized random sample of credit report data that tracks 10% of all U.S. consumers with a Social Security number.
The estimates are updated monthly and available on an online dashboard with other resources. The Data and Tools section of America’s Credit Unions website contains a wide range of dashboard analytics; data at the state and district level, various calculator tools; the economic forecast; and more.
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