Friday, June 7, 2019

Consumer Credit At CUs Grew by Almost $3.4 Billion in April

Outstanding consumer credit at credit unions grew at a faster pace in April 2019 compared to March 2019, according to the Federal Reserve's G.19 report released on June 7.

After growing by approximately $300 million in March, outstanding consumer credit increased by $3.4 billion in April to $475 billion.

Outstanding revolving credit expanded by $300 million during April 2019 to $61.8 billion.

Nonrevolving credit balances grew by almost $3.2 billion during April 2019 to approximately $413.2 billion.

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