Monday, January 9, 2017

CU Outstanding Consumer Credit Increased in November, But Pace Slowed from October's Growth Rate

The Federal Reserve reported on January 9 that outstanding consumer credit at credit unions grew by almost $1.5 billion in November to $380.3 billion, according to the G. 19 report.

However, the November pace of consumer credit growth at credit unions slowed compared to October's growth rate.

Both revolving and non-revolving credit increased at credit unions in November.

Revolving credit rose by almost $900 million to $52 billion in November, while outstanding non-revolving grew by nearly $800 million to $328.4 billion.

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