Friday, April 5, 2019

CUs Report a Slight Decline in Consumer Credit in February

Outstanding consumer credit at credit unions experienced a slight contraction during February 2019, according to the Federal Reserve.

Outstanding consumer credit fell by almost $200 million at credit unions during February to $471.3 billion.

The decline in outstanding consumer credit was due to revolving credit falling by approximately $600 million during February to $61.5 billion.

Nonrevolving credit was $409.8 billion in February, up from $409.5 billion in January.

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