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

Despite COVID-19 Uncertainties, South Carolina Credit Union Raises Wages

Peter Strozniak | May 26, 2020

SAFE FCU employees receive a $2 per hour salary hike about a month after merit pay increases.

San Francisco Fire Credit Union Completes Remote Conversion

Dylan Jackson | May 27, 2020

This is the first core conversion to ever take place completely remotely.

Smarsh Buys Cybersecurity Firm Entreda

Janet Levaux | May 22, 2020

Entreda works with BDs, RIAs and wealth managers, while Smarsh focuses on larger firms.

Resource Center

Explore four ways modern AI chatbots can enable your credit union to deliver the “human factor” that good customer experience demands, while increasing employee productivity.

White Paper

Sponsored by Bold360 by LogMeIn

Connected Conversations: How AI and Chatbots Are Making Credit Unions More Human

Explore four ways modern AI chatbots can enable your credit union to deliver the “human factor” that good customer experience demands, while increasing employee productivity.

Browse More Resources ›

Discover how smart credit union leaders are going digital - while playing to their strengths of low rates and high member satisfaction - to compete with big banks and tech startups for lucrative financial services.

White Paper

Sponsored by DocuSign

The Digital Banking Roadmap for Credit Unions

Discover how smart credit union leaders are going digital - while playing to their strengths of low rates and high member satisfaction - to compete with big banks and tech startups for lucrative financial services.

Browse More Resources ›

Discover how COVID-19 is affecting the housing market and how your credit union can stay ahead in times like these while continuing to meet member mortgage needs.

eBook

Sponsored by Finastra

Moving Forward with Mortgage - How Credit Unions can Support a Healthier Housing Market

Discover how COVID-19 is affecting the housing market and how your credit union can stay ahead in times like these while continuing to meet member mortgage needs.

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.