Credit unions had $234.6 billion in outstanding consumer credit in March, up from $236.6 billion in February, the Federal Reserve reported today.
Overall, consumer credit fell to $2.532 trillion in February. That data does not include mortgages and most other real estate loans.
At credit unions, revolving debt fell to $31.9 billion, compared with $32.2 billion in February. Revolving debt, which mostly refers to credit-card related payments, fell overall to $931.9 billion, compared with 953.1 billion in February.
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At credit unions, non-revolving credit, loans for cars and boats, was $202.8 billion in March, down from $204.6 billion in February. Overall, that kind of credit was $1.600 trillion, down from $1.610 trillion in February.
The Fed also reported that the use of credit cards and other kinds of borrowing fell at an annual rate of 5 1/4% in March and fell at an annual rate of 6 1/2 % during the first quarter.
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