Credit union new auto loans hit a record $100 billion

According to the latest monthly Credit Union Trends Report published by CUNA Mutual Group Tuesday, credit unions saw new auto loan balances reach $100 billion for the first time ever, with loans for new vehicles up 16.9% in the past year.

In addition, credit unions experienced a record volume of first mortgage loans for the first nine months of 2015 – a 39% hike compared to the first nine months of 2014.

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