Tuesday, April 7, 2020

Consumer Credit Up at CUs during February 2020

The Federal Reserve reported that outstanding consumer credit at credit unions rose during February 2020, according to it G.19 report released on April 7.

Outstanding consumer credit at credit unions increased by $2.4 billion during February 2020 to $484.9 billion.

Revolving credit at credit unions contracted by almost $700 million during February to $65.2 billion. This is the second consecutive monthly decline in revolving credit balances at credit unions.

Nonrevolving credit expanded by approximately $3.1 billion to $419.7 billion during February.

Read the G.19 Report.

No comments:

Post a Comment


The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.