Credit union loans increased 0.2% in April

Credit union loans outstanding increased by 0.2% in April, compared to -0.4% growth in March and 0.34% growth in April 2024. This is according to America’s Credit Unions’ latest Monthly Credit Union Estimates, which is available in an online dashboard. The report is 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 (0.89%), followed by credit cards (0.43%), auto loans (0.14%), second mortgage loans (0.59%), and first mortgage loans (0.14%).

Secured personal loans (-0.15%), unsecured personal loans (-0.22%), and private student loans (-0.6)% all declined in April.

The Data and Tools section of America’s Credit Unions website contains the monthly estimates, as well as additional dashboard analytics; data at the state and district leve;, various calculator tools; the economic forecast; and more.