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Since year-end 2017, credit unions have gone from financing 19.7% of auto loans on the market to 20.5%.
Annual growth in auto loans was the fastest of any major loan product at U.S. credit unions. Dig deeper to learn why.
Commercial loans comprised 6.9% of the total lending portfolio at U.S. credit unions, an increase of 19 basis points from the same time last year.
Cash and investments at credit unions was down at year-end 2018 as credit unions reallocated funds to fulfill loan demand.
First mortgages added $36.3 billion to the total loan portfolio in 2018.
Delinquency in this portfolio remains the highest for any major credit union loan product.