Consumer Credit at CUs Increased in March

The Federal Reserve reported on May 7 that outstanding consumer credit at credit unions grew in March, according to its G.19 report.

Outstanding consumer credit at credit unions increased by $4.1 billion in March to $489 billion.

Revolving credit at credit unions fell by $900 million in March to $64.3 billion.

However, outstanding nonrevolving credit rose by $5 billion in March to $424.7 billion.