Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Consumer Credit Increases 5.5% In August, CUs See Rise
WASHINGTON (10/8/13)--U.S. consumer credit increased a seasonally adjusted 5.5% or $13.6 billion in August, for a total of $3.036 trillion borrowed during the month, according to the Federal Reserve's Consumer Credit report. Money borrowed from credit unions totaled $259.9 billion.
 
The Fed report was released Monday afternoon.
 
At credit unions, borrowing climbed by $3.4 billion to $259.9 billion from the $256.5 billion in July.
 
Overall U.S. revolving credit, which includes credit card spending, declined at an annual rate of 1.25%--or $0.9 billion--in August to $848.9 billion from $849.8 billion in July.
 
Credit unions' revolving credit rose slightly, to $41.1 billion from $40.6 billion in July.
 
Nonrevolving credit--such as loans for cars, mobile homes and college tuition--rose at annual rate of 8%--or $14.5 billion--to about $2.188 trillion in July from roughly $2.173 trillion in July.
 
Credit unions issued $218.8 billion in nonrevolving loans in August, up from $215.9 billion in July.
RSS print
News Now LiveWire
HFSC Chairman @RepHensarling announces subcommittee chairs for #114th Congress: http://t.co/FGnvnogI7n
53 minutes ago
Don't Mullet Over: Check out @ECCU1's meme-rable campaign that brought in $8M in loans #NewsNow http://t.co/vNh2q01gcg
3 hours ago
#FOMC minutes show committee members debated erasing 'considerable time' from forward guidance #NewsNow #Market http://t.co/Gw0bEIFCe2
4 hours ago
NCUA votes 2 to 1 to approve 2015 budget: McWatters is dissenting vote.
6 hours ago
.@TheNCUA bd mmber McWatters at #NCUAbdmeeting invited specific, detailed comments on budget/budgetary process to be sent directly to him.
6 hours ago