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Credit union members started their holiday shopping early, putting them slightly ahead of other Americans in October are retail spending rose from both year-ago and month-ago levels, according to reports released Thursday by payments CUSOs.

Credit union members served through PSCU, a St. Petersburg, Fla.-based payments CUSO, increased their spending on credit cards by 24% and on debit cards by 16% from October 2020 to October 2021. Compared with two years ago, spending was up 31% for credit cards and 35% for debit.

Jim DuPlessis

A journalist for decades.

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