Credit union loans outstanding grew 0.5% during May compared to 0.4% growth during April, according to CUNA’s economics and statistics department.
Leading the way were used auto loans and adjustable-rate mortgages, which each grew 0.8%. Fixed-rate mortgages and new auto loans each increased 0.7%, and credit card loans grew 0.6%.
Home equity loans declined 0.5%.
Credit union savings balances grew 0.2% in May compared to a 0.6% decrease in April.
Money market accounts grew 0.8%, while regular shares increased 0.7%.
On the decline were share drafts (-1.2%), individual retirement accounts (-0.2%) and one-year certificates (-0.1%).
The total dollar amount of capital is $104 billion.
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