Consumer Credit at CUs Increased During March

The Federal Reserve reported that outstanding consumer credit at credit unions grew during March 2018, according to the G.19 report.

Total outstanding consumer credit at credit unions rose from $426.4 billion in February to $432.4 billion in March.

Revolving credit at credit unions fell by approximately $300 million during March to $56.9 billion. This was the third consecutive monthly decline in revolving credit.

Nonrevolving credit increased by $6.3 billion during March to $375.5 billion.