Nonrevolving Consumer Credit Owned by Credit Unions
NREVNCU • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
635,993.67
Year-over-Year Change
11.18%
Date Range
1/1/1943 - 6/1/2025
Summary
Nonrevolving Consumer Credit Owned by Credit Unions tracks the total outstanding non-revolving loans held by credit unions, representing a key indicator of consumer borrowing and financial health. This metric provides insights into consumer spending patterns, credit accessibility, and the overall economic condition of household finances.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator measures long-term consumer credit like auto loans, personal loans, and educational loans held specifically by credit unions. Economists use this trend to understand consumer financial behavior, credit market dynamics, and potential shifts in consumer spending and borrowing capacity.
Methodology
The data is collected through comprehensive reporting by credit unions to federal financial regulatory agencies, tracking the total outstanding balance of non-revolving credit instruments.
Historical Context
Policymakers and financial analysts use this trend to assess consumer financial health, credit market conditions, and potential economic stimulus or contraction signals.
Key Facts
- Represents total non-revolving credit held by credit unions
- Includes loans like auto financing and personal loans
- Provides insight into consumer financial health and borrowing trends
FAQs
Q: What types of loans are included in non-revolving credit?
A: Non-revolving credit includes fixed-term loans like auto loans, personal loans, and educational loans with predetermined repayment schedules.
Q: Why are credit unions important in this metric?
A: Credit unions often provide more personalized lending services and can serve as alternative financial institutions to traditional banks.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data monthly, providing current insights into consumer credit trends.
Q: What does an increase in this metric suggest?
A: A rise in non-revolving credit can indicate increased consumer confidence, economic growth, or improved access to credit.
Q: Are there limitations to this economic indicator?
A: The metric only covers credit unions and does not include data from banks or other financial institutions, which may limit its comprehensive view.
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Citation
U.S. Federal Reserve, Nonrevolving Consumer Credit Owned by Credit Unions [NREVNCU], retrieved from FRED.
Last Checked: 8/1/2025