Credit union loans grew 0.24% in October

Credit union loans outstanding increased 0.24% in October, compared with a 0.54% increase in September and a -0.01% decrease in October of 2024. These numbers are from America’s Credit Unions’ latest Monthly Credit Union Estimates, 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).

Home equity lines of credit led loan growth at 1.45%, followed by second mortgages (0.88%), unsecured personal loans (0.42%), first mortgages (0.26%), private student loans (0.22%), and credit cards (0.18%).

Auto loans (-0.09%) and secured personal loans (-0.15%) declined during the same time period.

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.