The total loan portfolio at U.S. credit unions reached almost $1.1 trillion in the first quarter of 2019. Aggregate loan balances expanded 7.9% — or $77.6 billion — year-over-year. Growth, however, was 1.2 percentage points slower than in the fourth quarter of 2018 and 1.8 percentage points slower than in the first quarter of 2018.
Total loan originations contracted year-over-year for the first time since 2014. In the first quarter of 2019, originations fell 5.5% annually to $111.4 billion year-to-date. Consumer loan originations fell 2.4%, or $1.9 billion, from one year ago to $76.8 billion through the first three months of 2018. They accounted for 68.9% of total loan originations year-to-date.
The interactive dashboard below takes a deeper dive into the credit union loan portfolio. To use the display:
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