Credit union lending swelled 11.2% in 1996, to $213.6 billion, bringing the industry's loan-to-deposit ratio to 74.6%, the National Credit Union Administration said.

Used auto loans, first mortgages, and credit cards grew the most, up 21.1%, 16%, and 15.5%, respectively. The bulk of credit union loans-33%-are real estate related. New auto loans placed second, with 23% of total loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.