Search
 

Credit Unions' Non-Revolving Market Share Not Growing

Credit unions' share of the $1.5 trillion non-revolving market has hovered between 13.7% and 13.8% and is not going anywhere anytime soon.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ARLINGTON, Va. — Credit unions’ share of the $1.5 trillion non-revolving market has hovered between 13.7% and 13.8% and is not going anywhere anytime soon.

Seasonally adjusted, consumer installment credit fell $1.2 billion, or 0.6%, on an annualized basis to $2.37 trillion. In September, it dropped to $233.9 billion from $234 billion the month before. However, revolving credit climbed $400 million to $26 billion, but was offset by declining non-revolving credit of half-a-billion dollars to $207.9 billion.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Trending Stories

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.