Consumer Credit at CUs Grew in July by $5 Billion

The Federal Reserve reported that outstanding consumer credit at credit unions grew by approximately $5 billion in July to $362.8 billion, as both revolving and nonrevolving credit increased.

Revolving credit rose from $49.7 billion in June to $50.3 billion in July.

Nonrevolving credit at credit unions increased by $4.5 billion in July to $312.6 billion.

Read the G. 19 report.