Auto Loan Growth Significant for Many Credit Unions

Credit unions struggled to maintain their share of the auto lending market during the first quarter 2002. Find out which credit unions have the highest member penetration for auto loans.

 
 

Even as quarterly auto loan growth fell below 1%, many credit unions experienced significant auto loan increases over last year in a highly competitive market. With overall lending activity off to a slow start in 2002, auto loans, which have historically been the largest component of credit union loan portfolios, fell below even the 1% average, growing only 0.95% in the first quarter. The table below was taken from Callahan’s 1st Quarter Research & Data Report. In the special report, learn how credit unions are competing in an era of 0% financing.

To order the Report, call 1-800-446-7453, or save 10% when you order online.

 

 

 

June 24, 2002


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