OMAHA, Neb.—Net income at Nebraska credit unions rose by 24% this year over last, with auto lending leading the way.
The Omaha World-Herald reported that overall, growth is due to loans and investments, according to Call Reports. Through Sept. 30, in-state institutions reported $17.4 million in net income.
Every loan category grew, with auto loans the highest at 11%. Auto loans totaled $1.2 billion, and made up almost 46% of total loans on the books at Nebraska CUs.
At SAC FCU in Omaha, auto lending was up 25% to $191.4 million over that period, the World-Herald reported.
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