Credit unions had $281.1 billion in outstanding consumer credit in July, up from $236.2 billion in June, according to data released today by the Federal Reserve.
Overall, outstanding consumer credit fell to $2,457.6 trillion in July, down from June's revised figure of $6 trillion.
At credit unions, outstanding revolving credit, increased to $33.9 billion, compared with $33.5 billion in June. Revolving credit, which mostly refers to credit-card related payments, fell overall to $897.9 billion, compared with $904.4 billion in May.
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At credit unions, outstanding non-revolving credit, loans for cars and boats, was $204.1 billion, up from $202.8 billion in June. Overall, that kind of credit was $1,559.7 trillion, down from $1,571.2 trillion in June.
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