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CU Members' Holiday Shopping Up by Double-Digits This Year, Data Shows

CO-OP’s data suggests that credit union cardholders spent more when they shopped online this year.

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holiday shopping online Source: Shutterstock.

Credit union members did some serious shopping — much of it online — with their credit and debit cards during the weekend after Thanksgiving, according to new data from CO-OP Financial Services.

The Rancho Cucamonga, Calif.-based company’s analysis of card transaction data between Thanksgiving Day and Cyber Monday found that credit union members spent about 11% more this year on their credit cards and nearly 17% more on their debit cards than they did last year. Members’ credit card spending averaged $323 over the five-day period in 2019, and their debit card spending averaged $264.

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