September sees credit union loans grow 0.54%
Credit union loans outstanding rebounded in September according to the latest America’s Credit Unions Monthly Credit Union Estimates. They increased 0.54% after a 0.38% decrease in August and a 0.41% increase in September 2024,.
Overall, all categories of loans grew during the month:
- Home equity lines of credit (1.61%);
- Second mortgages (0.88%);
- Credit cards (0.83%);
- Unsecured personal loans (0.52%)
- Secured personal loans (0.52%);
- First mortgages (0.43%);
- Private student loans (0.33%); and
- Auto loans (0.31%).
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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