Tuesday, January 9, 2018

CUs Have Significantly Expanded Consumer Credit Since Recession

A chart in today's Wall Street Journal's The Daily Shot shows that outstanding consumer credit at credit unions has significantly increased since the last recession.

Post recession, outstanding consumer credit at credit unions bottomed out at $218.1 billion in March 2011. Since then, outstanding consumer credit is up almost 94 percent to $422.6 billion as of November 2017.

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