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PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. Credit card spending was down 27.5

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PSCU: Owner CUs Saw Rising Debit, Credit Sales Volumes Over The Holidays

PYMNTS

Payments credit union service organization (CUSO) PSCU reported 11.4 percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. percent) and credit (27.4

Volume 62
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Credit Unions Unite Behind Digital Banking

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Though the sector is considered healthy and well-managed, credit unions and the CUSOs (credit union service organizations) that support them with tailored offerings face upheavals in the next couple of years. percent in Q3 2019, which is a concern for the entire sector. Digital Unison.

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PSCU: Consumers Choose Debit As Preferred Payment Amid Coronavirus

PYMNTS

Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. percent drop.

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PSCU: Debit Card Spend Growth Above Historic Levels

PYMNTS

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. It is also encouraging that the growth observed spans most spend categories.”.

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Credit Unions Find ‘Co-opetition’ Key To Closing The Innovation Gap

PYMNTS

CUs are also leveraging the latest technologies, including cloud computing, to continue fostering the relationships with their customers. trillion in 2019. The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3

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PSCU Reports Higher Debit, Credit Sales During Holidays

PYMNTS

PSCU , which is known as a premier payments credits union service organization (CUSO), reported significantly higher year-over-year growth than expected during the holidays, with a 7.86 percent increase in debit and credit sales among its owner credit unions (CUs).