Consumer Credit Rises at CUs, but Down Overall
Credit unions had $235.9 billion in outstanding consumer credit in June, up from $235.6 billion in May, according to data released late Friday by the Federal Reserve.
Overall, consumer credit fell to $2.503 trillion in June, down from May's revised figure of $2.513 trillion.
At credit unions, revolving credit, increased to $33.5 billion in June, compared with $33 billion in May. Revolving credit, which mostly refers to credit cards, fell overall to $917 billion, compared with $922.3 billion in May.
At credit unions, nonrevolving credit was $202.4 billion, down from $202.6 billion in May. Overall, that kind of credit was $1.586 trillion, down from $1.591 trillion in May.