Credit card debt rose sharply from September to October for credit unions and other lenders, while car loans and other term loans advanced more slowly.
The Federal Reserve Bank's Consumer Credit report released Thursday showed revolving loans to consumers rose 0.77% from Sept. 30 to Oct. 31, the biggest September-to-October gain since card debt rose 1.17% in 2000.
Meanwhile, credit unions' continued strength in automotive lending has allowed the movement to continue to build a share of the total consumer credit market it hasn't seen the last quarter of the 20th century.
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