latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/us-credit-union-auto-loans-rise-5-yoy-in-q2-19-54083140 content esgSubNav
In This List

US credit union auto loans rise 5% YOY in Q2'19

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


US credit union auto loans rise 5% YOY in Q2'19

Auto loan activity at U.S. credit unions grew in the second quarter, while delinquencies also rose.

Aggregate auto loans rose to $374.42 billion as of June 30, a 5.3% increase year over year. Used vehicle loans at credit unions rose to $226.51 billion from $214.96 billion a year earlier, while new vehicle loans totaled $147.92 billion, up from $140.56 billion at the end of the 2018 second quarter.

At the end of the second quarter, 1.56% of credit union auto loans were 30 days or more delinquent, up from 1.54% at the end of March and 1.53% a year earlier.

SNL Image

Auto loans at Vienna, Va.-based Navy FCU, the nation's largest credit union by total auto loans, grew by 7.2% year over year to $14.35 billion as of June 30.

Navy FCU's delinquencies also rose. At the end of the second quarter, 1.50% of the credit union's auto loans were past due, up from 1.30% at the end of the linked quarter and 1.44% at the end of the year-ago quarter.

SNL Image

SNL Image

Click here to download a refreshable document with the list of top 100 credit union auto lenders for the second quarter of 2019.