Thursday, May 7, 2020
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.
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.
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