Credit union members' spending by credit and debit cards rose only about 2% to 3% from a year earlier, but the gains were made as inflation moderated and gasoline prices fell.
The PSCU Payments Index report showed spending in July rose 2.1% by credit cards and rose 3.2% by debit cards compared with the year earlier among credit union members using services of the St. Petersburg, Fla., CUSO. In June, payments rose 1.7% by credit cards and rose 4.3% by debit cards.
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