Credit union loans grew 0.38% in June
Credit union loans outstanding increased 0.38% in June, compared to a 0.48% increase in May and a 0.17% increase in June 2024, according to America’s Credit Unions’ latest Monthly Credit Union Estimates.
Products that led loan growth include:
- Home equity lines of credit (1.45%),
- Credit cards, (0.87%),
- Second mortgages (0.73%),
- First mortgages (0.33%),
- Secured personal loans (0.32%),
- Unsecured personal loans (0.23%); and
- Auto loans (0.1%).
On the decline in June were private student loans, which fell by 0.77%.
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.
The estimates are updated monthly and available in 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.
