Outstanding Consumer Credit at CUs Grew by $2 Billion During July

The Federal Reserve reported on September 9 that outstanding consumer credit at credit unions grew by $2 billion during July to $478.1 billion.

Outstanding consumer credit grew at a slightly slower annual pace in July compared to June.

Revolving credit balances grew by approximately $800 million during July to $64.5 billion.

Nonrevolving credit advanced by $1.2 billion in July to $413.6 billion.

Read the G. 19 Report.