A bumpy road ahead for credit union auto lending
Car loans are among the bread-and-butter products for credit unions, but slowing demand and growing delinquencies are putting some pressure on the category.
Source: americanbanker.com
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Car loans are among the bread-and-butter products for credit unions, but slowing demand and growing delinquencies are putting some pressure on the category.
In 2023, credit unions are already seeing lending slow and deposits drain. The interest rate environment is the top concern for credit union leaders for
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