Consumer Credit at CUs up; Down Overall

Credit unions had $236.8 billion in outstanding consumer credit in May, up from $235.8 billion in April, the Federal Reserve reported today.

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Credit unions had $236.8 billion in outstanding consumer credit in May, up from $235.8 billion in April, the Federal Reserve reported today.

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? Sign In Now

Recommended Stories

Startup Hopes to Mitigate Credit Union Anxiety Over Breach Impacts

Roy Urrico | February 21, 2020

Cybersecurity experts believe they have found a way to calm the nerves of CU executives "when every breach feels like an emergency."

Digital Growth is Disrupting Branch Design, Research Finds

Tina Orem | February 21, 2020

Research suggests the number of FI branches will continue to close at a relatively rapid pace for at least the near future.

CUs Raise Funds for Turning Points for Children, Kids in Crisis & Care and Share

Tahira Hayes | February 21, 2020

Other organizations benefiting from CU donations include Big Brother Big Sister, Columbus Humane! and Special Olympics Maine.

Resource Center

Learn how your credit union can leverage sophisticated artificial intelligence (AI) solutions to enhance member service experiences and provide easier, more convenient ways for members to interact with their finances.

White Paper

Sponsored by Bold360 by LogMeIn

Optimizing Your Member Experience with AI

Learn how your credit union can leverage sophisticated artificial intelligence (AI) solutions to enhance member service experiences and provide easier, more convenient ways for members to interact with their finances.

Browse More Resources ›

31.5MM Gen Z consumers are credit-eligible. Does your credit union have a strategy in place to capture Gen Z’s attention?

White Paper

Sponsored by Elan Financial Services

Gen Z: The Fast and Furiously Cashless

31.5MM Gen Z consumers are credit-eligible. Does your credit union have a strategy in place to capture Gen Z’s attention?

Browse More Resources ›

Are your employees an open door for hackers? This webcast will help you understand how to close that door, and protect your CU from hackers.

On-Demand Webcast

Sponsored by Konica Minolta

Hackers are Using Your Employees to Get In

Are your employees an open door for hackers? This webcast will help you understand how to close that door, and protect your CU from hackers.

Browse More Resources ›

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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.