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Back in 1990, the year Credit Union Times first went to press, the world was a very different place. People still thought of Germany as two countries, fax machines were everywhere and nobody had heard of Googling, sexting, Muggles or Wi-Fi.

One other thing was very different: Payments. Plastic runs what has become a digital world today, but back in 1990, 82% of transactions in the United States were made with checks – and the debit card was virtually unheard of. Today, that number is just 19%, according to the Federal Reserve.

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Tina Orem


Credit Union Times

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