Wednesday, January 8, 2020

Outstanding Consumer Credit at CUs Fell in November 2019

The Federal Reserve reported on January 8 that outstanding consumer credit at credit unions fell in November 2019, according to the G.19 report.

In October, outstanding consumer credit at credit unions was $483.7 billion. In November, outstanding consumer credit was $482 billion.

While revolving credit at credit unions increased during November, outstanding nonrevolving credit fell.

Revolving credit at credit unions was up $400 million to $65.1 billion during November.

Nonrevolving credit at credit unions fell by $2.1 billion to $416.9 billion in November.

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