Florida credit unions rebound in auto, mortgage lending

Florida credit unions are posting their first quarterly growth in auto loans since 2007 and their first gain in first mortgage loans since 2009, according to a second-quarter report from the League of Southeastern Credit Unions.

Between 2007 and 2011, auto loans had fallen cumulatively about 8.3 percent while mortgage loans have been flat the past couple years.

Overall, the league reported, Florida credit unions have added 143,000 new members over the past 12 months, pushing them to a record 4.68 million members.

Florida credit unions rebound in auto, mortgage lending 09/11/12 [Last modified: Tuesday, September 11, 2012 7:35pm]

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