Consumer Credit at CUs Up $7 Billion in July

The Federal Reserve announced on September 10 that outstanding consumer credit for the month of July increased at credit unions.

Outstanding consumer credit at credit unions grew by $7 billion to $448.9 billion.

Revolving credit at credit unions rose from $58.6 billion in June to $59.2 billion in July.

Nonrevolving credit expanded by $6.4 billion in July to $389.7 billion.