Credit unions had $240.5 billion in outstanding consumer credit in September, down from the revised figure of $241.6 billion in August, according to data released today by the Federal Reserve.
Overall, outstanding consumer credit fell to $2,465 trillion, down from $2,475 trillion in August. It was the eighth consecutive monthly decline.
At credit unions, outstanding revolving credit, increased to $34.2 billion from $34.1 billion in August. Revolving credit, which mostly refers to credit-card related payments, fell overall to 886.6 billion, compared with August's $897.1 billion.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.