Credit unions had $236.4 billion in outstanding consumer credit in December, down from the revised figure of $237 billion in November, according to data released by the Federal Reserve.
Overall, outstanding consumer credit rose to $2,486.9 trillion, from November's revised figure of $2,472 trillion. It was the first increase after 10 consecutive monthly declines.
At credit unions, outstanding revolving credit rose to $35.5 billion, from November's revised figure of $34.6 billion. Revolving credit, which mostly refers to credit-card related payments, increased overall to $893.9 billion, from November's revised figure of $883.4 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? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
