Personal loans are the fastest-growing product at credit unions, data shows

 

Personal loans are in high demand among credit union members, according to a new report from the Credit Union National Association (CUNA). 

During the month of December, unsecured personal loans grew 2.6% and credit card consolidation loans grew 2.3%. Other loan products, such as mortgages and auto loans, saw more modest growth during that time period.

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