Line graph showing credit union credit card balances are rising.

A Fed report showed credit unions lost ground to other lenders with both credit cards and auto loans in June.

But Fed's G-19 Consumer Credit Report released Friday also found the recovery in credit card balances continued for a third month among all lenders and for a second month for credit unions. Banks and credit unions have reported rising credit card spending this year, while payoff rates have been slowly declining.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

  • Critical 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 and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jim DuPlessis

A journalist for decades.