Top 10 credit unions held $41.8 billion in credit card balances as of March 31, up 4.7% from a year earlier. They were:

Navy Federal Credit Union of Vienna, Va., near Washington, D.C. ($190.2 billion in assets, 14.5 million members), which held $31.1 billion in credit card balances as of March 31, up 6.7% from a year earlier.
PenFed Credit Union of McLean, Va., near Washington, D.C. ($30.6 billion in assets, 2.8 million members), which held $1.9 billion in credit card balances as of March 31, down 15.3% from a year earlier.
BECU of Tukwila, Wash., near Seattle ($29.5 billion in assets, 1.5 million members), which held $1.7 billion in credit card balances as of March 31, up 3.3% from a year earlier.
SchoolsFirst Federal Credit Union of Santa Ana, Calif. ($33.4 billion in assets, 1.5 million members), which held $1.3 billion in credit card balances as of March 31, up 8.1% from a year earlier.
State Employees’ Credit Union of Raleigh, N.C. ($55.4 billion in assets, 2.9 million members), which held $1.2 billion in credit card balances as of March 31, up 1.7% from a year earlier.
Suncoast Credit Union of Tampa, Fla. ($18.8 billion in assets, 1.3 million members), which held $1.1 billion in credit card balances as of March 31, down 3.6% from a year earlier.
Mountain America Federal Credit Union of Salt Lake City ($21.2 billion in assets, 1.4 million members), which held $1 billion in credit card balances as of March 31, up 10.3% from a year earlier.
America First Federal Credit Union of Riverdale, Utah ($22.6 billion in assets, 1.5 million members), which held $1 billion in credit card balances as of March 31, up 8.2% from a year earlier.
Pennsylvania State Employees Credit Union of Harrisburg, Pa. ($9 billion in assets, 598,050 members), which held $799.8 million in credit card balances as of March 31, down 4.3% from a year earlier.
Digital Federal Credit Union of Marlborough, Mass. ($12.9 billion in assets, 1.2 million members), which held $693.1 million in credit card balances as of March 31, up 2.2% from a year earlier.

Q&A: Velera SVP, Product Experience & Enablement Cody Banks

Successful credit card programs contain many moving parts, from marketing strategy to security to financial wellness support. Here, Cody Banks, SVP, Product Experience & Enablement for Velera, shares best practices for credit unions looking to boost their credit card programs in today’s economic and fraud environment.

Instant Insights /

Growth & Pain: Credit Card Trends for Credit Unions

Related Stories

Recommended For You