CU members that hold small business credit cards use those cards more often than small business owners use credit cards issued by banks, according to an analysis of data from Visa, Inc.
Card Services for Credit Unions, the association of credit unions that process their card transactions with FIS conducted the analysis. The association found that volume on credit union issued business credit cards grew 11% in the first quarter of 2010 while volume on business credit cards overall rose by only 4.8%.
Transactions on credit union owned business cards were also higher in the same period, averaging 7.5 transactions versus 6.5 for business cards overall.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
