Outstanding Consumer Credit at CUs Increased by $7.8 Billion in May

The Federal Reserve reported on July 9th that outstanding consumer credit at credit unions grew at a faster rate in May compared to April.

In May, outstanding consumer credit at credit unions advanced by $7.8 billion to $435 billion, after increasing by $5 billion in April.

Revolving credit at credit unions grew by almost $1.2 billion in May to $58.3 billion.

Credit unions reported that nonrevolving credit increased by $6.6 billion in May to $376.7 billion.

Read the G.19 Report.