Credit Unions Appear Largely Immune to Credit Downturn
American's generally may be cutting back on their use of revolving credit, but the holders of at least some credit union issued cards are still borrowing.
By David Morrison |
Updated on October 12, 2009
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American’s generally may be cutting back on their use of revolving credit, but the holders of at least some credit union issued cards are still borrowing.
John Pembroke, chief marketing officer for PSCU Financial Services, said the numbers of credit card transactions from its more than 500 member credit unions, have increased over the same period last year and that their average balances are also higher.
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