WASHINGTON–Credit unions received a brief mention in a research document produced by the Fed.

In “A Note on the New Credit Union Estimates in the G.19 ‘Consumer Credit’ Statistical Release, authors Alexander Bruce, Michael M. Chernousov, Simona M. Hannon, and Marc J. Scott note that credit unions provide a significant share—approximately 14%—of consumer debt. 

“As of 2025:Q1, consumer credit provided by credit unions was measured at over $716 billion in the G.19 Statistical Release,” the document states.

In their note, the authors discuss the construction and benchmarking of credit union estimates in the G.19, with a focus on a benchmark update together with a recent revision to the source data.

Explanation Offered

“The G.19 Statistical Release, ‘Consumer Credit,’ reports outstanding credit extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate by sector,” the report states. “Total consumer credit comprises two major types: revolving and nonrevolving (the latter sometimes being referred to also as installment credit)….

“Credit unions provide both revolving and nonrevolving credit,” the report states. “Although these lenders only provide a small share of revolving credit, they play an important role in the provision of auto and personal loans, accounting for one-third of each of these market segments.”