Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Credit unions gained a slightly larger share of the nation’s credit card debt in July as banks held steady and finance companies lost share, the Federal Reserve Bank reported Monday.

The Fed’s G-19 Consumer Credit Report showed credit unions held $64.5 billion in credit card debt on July 31, up 8.4% from a year earlier. Credit unions’ share of credit card debt was 6.2% in July, compared with 6.2% in June and 6% in July 2018

Jim DuPlessis

A journalist for decades.

More from this author

Credit Union Times

Join 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
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.