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Total loans at U.S. credit unions increased 9.5% in the third quarter of 2018 and reached an all-time high.
Credit card balances were up 8.4% annually to $59.9 billion as of Sept. 30, 2018.
Takeaways from a survey on how 284 credit unions are interacting with the changing lending strategies arising from automated-decisioning practices.
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Lending is strong, asset quality is, too, as third quarter performance data rolls in.
Total loans at U.S. credit unions increased by 9.7% in the second quarter of 2018 and reached an all-time high.
Five can’t-miss data points this week on CreditUnions.com.
Asset quality is stronger than one year ago as 2018 shapes up to be the best year for delinquency since the Great Recession.
Balances as well as delinquencies for credit union credit cards were on the rise in the first quarter of the year.
First quarter lending at credit unions contributed to an expanding balance sheet.