Wednesday, February 7, 2018

Consumer Credit at CUs Grew in December

The Federal Reserve is reporting that outstanding consumer credit at credit unions grew during December; but at a slower pace than in November, according to the G.19 report.

Outstanding consumer credit increased by almost $4.3 billion to $425 billion in December. However, consumer credit at credit unions increased by $6.1 billion in November.

Outstanding revolving credit expanded by $1.3 billion to $58 billion in December.

Non-revolving credit rose from $363.9 billion in November to $367 billion in December.

Read the G.19 Report.

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