Consumers paid down some of their holiday credit card debt inJanuary, as usual, but balances at Jan. 31 were still higher than ayear ago, with credit unions moving up to a slightly highershare.
The Federal Reserve's Consumer Credit Report released Wednesdayshowed the nation's overall card debt remained just over $1trillion in January, up 6.3% from a year earlier.
Credit unions held $57.4 billion in credit card debt, up 9.3%from a year earlier. The change was -0.95% from December 2017 toJanuary 2018 and -1% from December 2016 to January 2017.
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