Credit Unions Gain in Credit Card Market Share
Jim DuPlessis, in a November 7, 2019 article on cutimes.com writes “The Fed’s G-19 Consumer Credit Report showed credit unions held $64.4 billion in credit card debt on Sept. 30, up 6.9% from a year earlier. Credit unions’ share was 6.2% in September, about the same as August and up from 6% in September 2018”.
These reports are positive for credit unions providing they are managing the unique risk in credit card portfolios appropriately.
TCT Risk Solutions provides a Credit Migration tool that assures credit unions are effectively managing the risk in their loan portfolios.