Consumer Credit at CUs grew at faster pace in October

Outstanding consumer credit at credit unions grew at a faster rate in October, according to the Federal Reserve.

Outstanding consumer credit at credit unions increased by $7 billion in October to $461.6 billion. In September, outstanding consumer credit at credit unions grew by $3.3 billion.

Revolving credit at credit unions was $60.2 billion in October compared to $59.9 billion in September.

Nonrevolving credit jumped by $6.7 billion in September to $401.4 billion.

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