Co-op Solutions Press Archives

July spending trends: Spending shifts as rates rise

RANCHO CUCAMONGA, CA (August 16, 2022) — The Fed is doing all it can. Following another strong jobs report for July, the Federal Reserve is committed to staying on its path of raising rates, in an effort to tamp down inflation that remains at 40-year ...

June Spending Trends: Ways to Support Member Financial Wellness Needs

RANCHO CUCAMONGA, CA (July 25, 2022) — Despite a strong jobs report for June, most other economic indicators are pointing directly toward an economic slowdown. Co-op Solutions’ June credit union card portfolio data showed flattening month-over-month results across most categories in both credit and debit, ...

May spending trends: Credit takes flight

RANCHO CUCAMONGA, CA (June 15, 2022) — Despite economic headwinds and mounting recessionary concerns, consumers are continuing to spend. Co-op’s May credit union card portfolio data showed stronger month over month results across most categories, while cardholders continued their year-long shift from debit to ...

April spending trends: Consumers grow cautious as recession looms

RANCHO CUCAMONGA, CA (May 18, 2022) — Several months of consumer price pressures, stock market volatility, geopolitical threats and rising interest rates are beginning to take their toll on consumer spending. Co-op’s April credit union card portfolio data showed weak month-over-month results across most ...

Harold Roundtree of UNCLE CU elected to Co-op Solutions board of directors

RANCHO CUCAMONGA, CA (May 17, 2022) — Harold Roundtree, President/CEO of UNCLE Credit Union of Livermore, California, has joined the Board of Directors of Co-op Solutions following the company’s annual meeting of shareholders held May 3. Four other credit union leaders were re-elected ...