Consumer Credit for CUs Basically Flat for October

The Federal Reserve on December 6 is reporting that outstanding consumer credit at credit unions was basically unchanged as of October 2019.

Outstanding consumer credit at credit unions was $483.7 billion in October. In September, consumer credit was $483.6 billion.

Revolving credit at credit unions increased by $300 million during October to $64.7 billion.

On the other hand, outstanding nonrevolving credit was down $200 million to $419 billion.