Chart showing credit card growth is still slowing for credit unions

Both credit union and bank credit cards underperformed in December compared with past gains at the height of the holiday season.

The Federal Reserve’s G-19 Consumer Credit Report showed credit unions held $82.6 billion in credit card debt on Dec. 31, up 1.8% from November to December. Their average November-to-December gain from 2016 through 2022 was 2.2%.

Banks held $1.2 trillion in credit card debt, up 1.21% from November, compared with an average November-to-December gain of 2.6%.

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Jim DuPlessis

A journalist for decades.

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