Consumer Credit at CUs Rose in October, But at a Slower Pace

The Federal Reserve is reporting that outstanding consumer credit at credit unions expanded in October, but at a slightly slower rate than in September.

Outstanding consumer credit at credit unions rose from $417 billion in September to $420.2 billion in October.

Revolving credit at credit union grew by $300 million in October to $55.6 billion

Nonrevolving credit balances at credit unions advanced by $2.9 billion to $364.6 billion.

Read the G.19 report.