Fed Reports Outstanding Consumer Credit At CUs Slowed In December Vs. November

WASHINGTON—The Federal Reserve is reporting that outstanding consumer credit at credit unions grew during December; but at a slower pace than in November, according to the G.19 report.
Outstanding consumer credit increased by almost $4.3 billion to $425 billion in December. However, consumer credit at credit unions increased by $6.1 billion in November, reported Keith Leggett, the former senior vice president and senior economist at the ABA, in his analysis.
Outstanding revolving credit expanded by $1.3 billion to $58 billion in December. Non-revolving credit rose from $363.9 billion in November to $367 billion in December, Leggett noted.