WASHINGTON--Credit union loans outstanding increased by 0.48% in May, compared to a 0.2% increase in April and a 0.14% increase in May 2024, according to . America’s Credit Unions’ latest Monthly Credit Union Estimates.
Home equity lines of credit (2.01%), second mortgages (0.63%), credit cards (0.57%), auto loans (0.48%), secured personal loans (0.39%), unsecured personal loans (0.34%), and first mortgages (0.19%) led loan growth during the month.
Private student loans (-1.23%) declined, ACU said.
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.