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San Diego
Tuesday, Jul 23, 2024
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County Credit Unions Lend $10.5 Billion in Q3

San Diego County’s 20 credit unions loaned out $10.5 billion to their members in the quarter ending September 30, up 17 percent from last year, the California Credit Union League said.

The growth follows similar results in the second quarter. Auto loans again represented the largest portion of the increase, with new car loans rising 45 percent and used car loans up 24 percent.

Membership rose to a record 932,000, up 5 percent, and deposits reached their own record of $13.9 billion, up 7 percent.

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

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