Credit Unions Report an Increase in Consumer Credit in April

Outstanding consumer credit at credit unions grew albeit at a slower pace in April, according to the Federal Reserve.

Outstanding consumer credit at credit unions rose by approximately $3 billion in April to $435.4 billion. In comparison, consumer credit expanded by $6 billion in March.

Revolving credit at credit unions edged higher by almost $200 million to $57.1 billion in April -- reversing a 3-month decline.

Nonrevolving credit increased by nearly $2.9 billion in April to $378.4 billion.