Credit union consumer lending rose to $240.2 billion in January, up from $237.l6 in December, the Federal Reserve reported today.
Credit unions' share of consumer installment debt was 9.28%, compared with 9.15% in December.
Overall, consumer installment debt increased in January to an annualized rate of $2,564.4 billion. That was a .08% increase over December. Non-revolving credit increased to an annualized rate of $1,603 billion and revolving credit increased to an annualized rate of $961.3 billion.
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