Credit union consumer lending improved a smidge in November, but lending trends are still poor for credit cards and automobiles.
The Federal Reserve’s G-19 Consumer Credit Report released Wednesday showed credit unions held $84.6 billion in credit card debt on Nov. 30, up 4.4% from a year earlier. The change from October to November was 0.6%, less than half the average October-to-November gain of 1.5% from 2014 through 2023.
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