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Credit unions lost ground to banks on credit cards, but gained share in other types of consumer loans in January, according to Fed data released Tuesday.

The Fed’s G-19 Consumer Credit Report showed credit unions held $629.6 billion in consumer debt on Jan. 31, up 17.9% from a year earlier. That gave credit unions 13.2% of total consumer debt, up from 12.1% a year earlier and unchanged from December.

Jim DuPlessis

A journalist for decades.

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