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Aman Johal is an industry analyst at Callahan & Associates. His duties include helping the analyst team assess credit union industry performance data and contributing to CreditUnions.com and quarterly Callahan publications. Prior to his current position, Aman interned at Callahan on both the administrative and analyst teams, and at The Sharma Law Office, an immigration law practice. He graduated from The George Washington University with a double major in economics and mathematics and a minor in statistics.
Credit card balances were up 8.4% annually to $59.9 billion as of Sept. 30, 2018.
What credit unions need to know about members, lending, asset quality, share balances, and more at third quarter 2018.
Membership growth increased 35 basis points year-over-year to 4.4%, and the average member relationship expanded 3.0% year-over-year. What else happened in the third quarter?
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Total auto balances were on the rise as annual growth surpassed 10.8% in the third quarter of 2018.
First mortgage balances at credit unions were up 9.9% as of Sept. 30, 2018.
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