It’s official, Q3 of 2021 NCUA data is in. The statistics look promising for credit unions:
- A YoY growth in credit card balances has been recorded for the first time in the last six quarters.
- The number of cards, which was growing steadily for credit unions, also witnessed the highest YoY growth rate of 3.5% in Q3 of 2021.
We had not experienced such growth since the pandemic hit. People are eagerly returning to pre-Covid spending levels – and they want attractive credit card deals.
continue reading »