Friday, October 7, 2016

Consumer Credit at Credit Unions Grew by Almost $6.8 Billion in August

Outstanding consumer credit at credit unions grew in August at credit unions, according to the Federal Reserve G.19 report.

Outstanding consumer credit rose from $362.8 billion in July to $369.6 billion in August.

Both revolving and nonrevolving credit grew in August.

Revolving credit at credit unions increased by almost $500 million to $50.8 billion.

Nonrevolving credit rose by approximately $6.2 billion in August to $318.8 billion.

Read the report.

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