WASHINGTON — Credit unions had $233.9 billion in outstanding consumer credit in June, up from $232.4 billion in May, the Federal Reserve reported today.
Overall, in a further sign of the country's economic slowdown, outstanding consumer credit rose to $2.586 trillion in June, the highest level since June 2001. That data does not include mortgages and most other real estate loans.
At credit unions, revolving debt increased to $31.7 billion, up from $31.3 billion in May. Revolving debt, which primarily refers to credit cards, increased overall to $962.5 billion, up from $955.1 billion in May.
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