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.