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.

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