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Credit unions and banks have been reporting strong debit and credit card spending during the third quarter, and signs that balances might soon be emerging to pre-pandemic levels.

PSCU’s payment index released Tuesday showed credit card purchases at member credit unions in September were 22% higher than in September 2020 and 28% higher than in September 2019. Debit purchases were 14% higher than a year earlier and 34% higher than two years earlier.

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Jim DuPlessis

A journalist for decades.

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