Outstanding consumer credit increased $6 billion to $2.4 trillion in March, but fell $2.2 billion to $219.7 billion at credit unions, the Federal Reserve reported Friday.
Overall, there was $796.1 billion in outstanding revolving consumer credit in March, compared with $794.2 in February. At credit unions, outstanding revolving credit remained unchanged at $35.3 billion. Revolving credit includes credit card debt.
Overall, there was $1.629 trillion in non-revolving credit, up from $1.625 trillion in February. At credit unions, there was $184.5 billion in non-revolving credit in March, compared with $186.7 billion in February. Non-revolving debt includes loans for items such as cars, mobile homes, tuition.
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