Consumer Credit at CUs Up $700 Million in December

The Federal Reserve is reporting that outstanding consumer credit at credit unions rose by approximately $700 million in December to $302.1 billion.

Credit union revolving credit increased from $44.9 billion for November to $46.4 billion for December. However, nonrevolving credit at credit unions fell from $256.4 billion for November to $255.6 billion for December.

For the fourth quarter f 2014, total outstanding credit increased by approximately $9 billion to $302.1 billion -- revolving credit was up almost $1.9 billion and nonrevolving credit rose by nearly $7.3 billion.

Read the G.19 report.