Credit unions in the $10M - $20M peer group grew their credit card balances the fastest of any peer group. Just over half the credit unions in this group offer credit cards (546 out of 1,012) with an average balance of $1,825, up 1.21% from last year. Although a small increase overall, it bests the industry average of 0.20% growth by six times. Only two other peer groups grew their average credit card balance as the chart below shows.
GROWTH IN AVERAGE CREDIT CARD BALANCE
DATA AS OF DECEMBER 31, 2012 | www.creditunions.com
Generated by Callahan & Associates' Peer-to-Peer Software.