WASHINGTON—Outstanding consumer credit at credit unions inched higher during the month of March 2019, according to the Federal Reserve's G. 19 report.
Outstanding consumer credit at credit unions increased by approximately $300 million during March 2019 to $471.6 billion, reported Keith Leggett, the former senior vice president and senior economist at the ABA in his analysis.
Outstanding revolving credit was flat in March 2019 at $61.5 billion. For the quarter, revolving credit at credit unions fell from $62.6 billion to $61.5 billion.
Nonrevolving credit at credit unions grew by roughly $200 million during March to $410 billion. During the first quarter of 2019, nonrevolving credit increased by almost $3.4 billion, Leggett noted.