County Credit Unions Have $10 Billion in Loans to Members

San Diego County credit unions had $10 billion loaned out to members by June 30, nearly 17 percent more than the year before, the California Credit Union League said Thursday.

Auto loans saw the most significant growth. New car loans rose 40 percent in the quarter ending June 30, compared to the same period last year, while used car loans were up 21 percent.

Membership in the second quarter rose about 5 percent among the county’s 21 credit unions, up to 916,000. Deposits rose roughly the same amount with a 5.5 percent increase to $13.3 billion.

The Union League’s data was compiled from publicly filed balance sheet information among its members.

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