Monday, August 8, 2016
Consumer Credit at CUs Fell in June
The Federal Reserve reported that outstanding consumer credit at credit unions fell by $2.8 billion during June to $357.8 billion.
The drop in outstanding consumer credit was due to a decline in outstanding non-revolving credit.
Revolving credit at credit unions increased from $48.5 billion in May to $49.7 billion in June.
On the other hand, non-revolving credit fell from $312 billion in May to $308.1 billion in June.
Read the G.19 Release.
The drop in outstanding consumer credit was due to a decline in outstanding non-revolving credit.
Revolving credit at credit unions increased from $48.5 billion in May to $49.7 billion in June.
On the other hand, non-revolving credit fell from $312 billion in May to $308.1 billion in June.
Read the G.19 Release.
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