WASHINGTON—The Federal Reserve reported that outstanding consumer credit at credit unions grew in November, but at a slower pace than October and September.
Outstanding consumer credit increased by $2.4 billion in November to $22.6 billion, reported Keith Leggett, the former senior vice president and senior economist at the ABA.
Revolving credit at credit unions increased by approximately $1.1 billion in November to $56.7 billion, while nonrevolving credit grew by $1.3 billion in November to $365.9 billion.