Credit union loans increased by 0.23% in November
Credit union loans outstanding increased 0.23% in November, compared to a 0.24% increase in October, and a 0.13% increase in November 2024, according to America’s Credit Unions’ latest Monthly Credit Union Estimates. The 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).
Leading the growth were home equity lines of credit (1.36%), unsecured personal loans (0.62%), second mortgages (0.45%), credit cards (0.4%), and first mortgages (0.33%).
On the decline were auto loans (-0.2%), secured personal loans (-0.27%), and private student loans (-0.75%).
Monthly Credit Union 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.