Which state has the highest average credit card balance?


Virginia credit unions top the rest of the nation in average credit card balance per member at $4,300. South Carolina came in second, with each member having an average credit card balance of $3,082. New Jersey rounded out the top three at $2,939. Virginia’s number is skewed higher by Navy FCU, which has an average credit card balancer per member of $5,662. Without Navy, Virginia would rank seventh with an average balance of $2,689. The national average in the first quarter was $2,663.

Outstanding credit card loans increased 6.8% to $39.0 billion at credit unions from March 2012, with over 14,650,000 credit card loans outstanding. The growth seen in the first quarter of 2013 was higher than the growth of 4.7% in the first quarter of 2012 as members feel more secure about their finances.

Roll over a state to see its average credit card balance per member and growth in overall credit card loans outstanding. 

Data As of March 31, 2013
© Callahan & Associates | www.creditunions.com

Generated by Callahan & Associates' Peer-to-Peer Analytics


July 10, 2013



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