WASHINGTON—Consumer credit at credit unions grew during March 2018, according to the G.19 report from the Federal Reserve.
Total outstanding consumer credit at credit unions rose from $426.4 billion in February to $432.4 billion in March, reported Keith Leggett, the former senior vice president and senior economist at the ABA, in his analysis.
Revolving credit at credit unions fell by approximately $300 million during March to $56.9 billion. This was the third consecutive monthly decline in revolving credit.
Nonrevolving credit increased by $6.3 billion during March to $375.5 billion, Leggett noted.