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Source: Callahan’s Peer-to-Peer Analytics, data as of June 30, 2019

More members at U.S. credit unions use debit and credit cards than a decade prior. As of June 2019, 58.4% of credit union members hold a share draft account with their credit union, while 17.6% have a credit card.

According to the Federal Reserve’s Quarterly Report on Household Debt and Credit, 16.8 million credit card accounts were opened by all card issuers in the past year. The Fed also said that in the second quarter of 2019, credit card debt made up 6.3% of total household debt – that’s two basis points more than the same time last year. At the same time, credit card lending increased $39 billion to $870 billion, which is the highest it has been since the fourth quarter of 2008.

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