Government Owns More Consumer Debt Than Credit Unions?

Government Consumer Debt

On July 8 the Federal Reserve released consumer credit data showing that it increased at an annual rate of 2-1/2 percent in May 2011. Revolving credit (credit cards and similar credit vehicles) increased at an annual rate of 5 percent, and nonrevoling credit increased at an annual rate of 1-1/4 percent.

Interested in digging into the data? Try these resources:

I ran this chart on the data using the interactive charting tool. Very interesting! It seems that the government surpassed credit unions as a consumer loan holder.

Consumer Loans Owned: CUs vs Federal Govt

click on the chart to expand

Government Consumer Debt
Consumer Loans Owned: CUs vs Federal Govt

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