WASHINGTON—The Federal Reserve recently announced that outstanding consumer credit for the month of July increased at credit unions.
Outstanding consumer credit at credit unions grew by $7 billion to $448.9 billion, reported Keith Leggett, the former senior vice president and senior economist at the ABA, in his analysis.
Revolving credit at credit unions rose from $58.6 billion in June to $59.2 billion in July.
Nonrevolving credit expanded by $6.4 billion in July to $389.7 billion.