Consumer Credit Growth at CUs Accelerated in April

The Federal Reserve's G.19 report stated that the growth of outstanding consumer credit at credit unions accelerated for the month of April.

Outstanding consumer credit at credit unions grew by $6.4 billion in April to $398.2 billion. In comparison, outstanding consumer credit in March expanded by $4.1 billion.

Both revolving and non-revolving credit expanded in April.

After contracting in March, outstanding revolving credit increased by almost $300 million to $52.4 billion.

Non-revolving credit in April increased by approximately $6 billion to $345.8 billion.

Read the G.19 report.