WASHINGTON—The Federal Reserve said outstanding consumer credit at credit unions grew by $2 billion during July to $478.1 billion.
Outstanding consumer credit grew at a slightly slower annual pace in July compared to June, reported Keith Leggett, the former senior vice president and senior economist at the ABA.
Revolving credit balances grew by approximately $800 million during July to $64.5 billion.
Nonrevolving credit advanced by $1.2 billion in July to $413.6 billion.