Consumer Credit Growth at CUs Slows in November

The Federal Reserve reported on January 8th that outstanding consumer credit at credit unions grew in November, but at a slower pace than October and September.

Outstanding consumer credit increased by $2.4 billion in November to $22.6 billion.

Revolving credit at credit unions increased by approximately $1.1 billion in November to $56.7 billion, while nonrevolving credit grew by $1.3 billion in November to $365.9 billion.

Read the G.19 Report.