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Members of a select group of credit unions spent 7.9% more in November and December 2019 than they did during the 2018 holiday period, according to PSCU, a St. Petersburg, Fla.-based payments CUSO.

The increase was lower than the 10% increase among a similar group of PSCU-member credit unions from the 2017 holidays to the 2018 holidays, but it was nearly twice the 4.1% increase from 2018 to 2019 recorded nationally among all retailers, excluding restaurants, car dealers and gas stations.

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Jim DuPlessis

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