Outstanding Consumer Credit At CUs Rises During July

consuemr credit

WASHINGTON—The Federal Reserve said outstanding consumer credit at credit unions grew by $2 billion during July to $478.1 billion.

Outstanding consumer credit grew at a slightly slower annual pace in July compared to June, reported Keith Leggett, the former senior vice president and senior economist at the ABA.

Revolving credit balances grew by approximately $800 million during July to $64.5 billion.

Nonrevolving credit advanced by $1.2 billion in July to $413.6 billion.

Section: Standard
Word Count: 137
Copyright Holder: CUToday.info
Copyright Year: 2019
Is Based On:
URL: http://www.cutoday.info/Fresh-Today/Outstanding-Consumer-Credit-At-CUs-Rises-During-July