Recent gains in share drafts at credit unions may be impacted by holiday spending.
The 8.0% month-only gain in share drafts likely means that money will flow out in October and November, according to CUNA Mutual Group's November Credit Union Trends Report, which tracked data through September.
Although to a lesser extent, that same pattern might be seen in December as consumers spend on holiday purchases with check and debit cards versus credit cards.
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