Amid COVID-19 fears, data analytics show credit unions how to help

first_imgThe upended sense of normalcy caused by the COVID-19 global pandemic has generated dramatic changes in consumer spending behavior.CU Rise Analytics conducted a member spend analysis that looked at year-over-year and month-over-month (February to March) spending changes. The analysis suggests that COVID-19 has already had significant impact on purchasing patterns.Airline spending dropped 40% YoY and 27% MoM.Auto rental and taxi services fell 70% YoY.Hotel spending fell 20% YoY and 25% MoM.Grocery spending spiked by 50% YoY and average transaction size grew 21% to $51.30 MoM. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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