Thursday, March 7, 2019

Consumer Credit at CUs Grew by $1.8 Billion in January 2019

Outstanding consumer credit at credit union grew at a slower pace in January 2019.

Total outstanding consumer credit at credit unions was $476 billion in January 2019. In comparison, total consumer credit at credit unions were $474.2 billion and $471.4 billion in December 2018 and November 2018, respectively.

While revolving credit contracted in January, nonrevolving credit grew at a faster pace for the month.

Revolving credit at credit unions fell during January 2019 by approximately $500 million to $62.1 billion.

Nonrevolving credit grew by by almost $2.3 billion during January 2019 to $413.9 billion, after increasing by $1.5 billion in December 2018.
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