WASHINGTON—Outstanding consumer credit at credit unions was basically unchanged as of October 2019, according to the Federal Reserve’s December report.
Outstanding consumer credit at credit unions was $483.7 billion in October. In September, consumer credit was $483.6 billion, reported Keith Leggett, the former senior vice president and senior economist at the ABA, in his analysis.
Revolving credit at credit unions increased by $300 million during October to $64.7 billion.
On the other hand, outstanding nonrevolving credit was down $200 million to $419 billion, Leggett noted.