Graph of the Week: FirstLook CUs Report 4.8% Growth in Credit Card Loans Outstanding


In a recently released Rasmussen Report Survey, only 16% of respondents said they were carrying more credit card debt than they did a year ago, down 5% from December of last year. Thirty-four percent (34%) said they have less credit card debt now, and 46% say their level of debt is about the same. As Americans look forward to Black Friday this week, credit card balances are sure to be impacted. However, preliminary 3Q FirstLook data consisting of 99% of credit union assets indicates the slowest 12-month growth of total credit card loans outstanding in 5 years.




Nov. 23, 2009



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