Loans from credit unions increased 0.48% in May

Credit union loans outstanding increased by 0.48% in May, compared to a 0.2% increase in April and a 0.14% increase in May 2024. America’s Credit Unions’ latest Monthly Credit Union Estimates, available in an online dashboard updated monthly, show these and other lending statistics.

Home equity lines of credit (2.01%), second mortgages (0.63%), credit cards (0.57%), auto loans (0.48%), secured personal loans (0.39%), unsecured personal loans (0.34%), and first mortgages (0.19%) led loan growth during the month. 
Private student loans (-1.23%) declined.

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.

In addition to the monthly estimates, 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.