It wasn’t very long ago that nearly every banking-connected function required a trip to the local branch. Even the simplest tasks like changing the PIN on a debit card required a command appearance. Today, CO-OP Financial Services Chief Technology Officer Pam Brodsack said, a customer...
Credit unions remain strong, despite the many challenges they face. The G.19 Statistical Release, “Consumer Credit,” recently found that CUs hold $64.4 billion in credit card debt and $382.9 billion in car loans, a 6.9% and 4.1% year-over-year increase, respectively. However, it is a quickly...
PSCU, a payments credit union service organization (CUSO), has announced a patronage dividend for fiscal year 2019 of $25.9 million, and one fourth of it will be distributed in cash, according to a Tuesday (Dec. 17) press release. The move is part of PSCU’s commitment...
Seven Canadian credit unions (CUs) have become the first in Canada to launch Interac Debit on Google Pay, Canadian Credit Union Association (CCUA) announced in a recent press release. Customers can make payments using Android smartphones. The Interac Debit payment system links cards to both...
PSCU’s Lumin Digital has converted over 10,000 Mutual Security Credit Union digital users to a cloud-based platform, Lumin Digital said in a press release on Tuesday (Dec. 10). Mutual Security Credit Union, with more than $315 million in assets, chose Lumin Digital because of its...
The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for the RTP network, The Clearing House’s (TCH) real-time payments network, according to a release. In its capacity as a funding agent, the CACU...
Meeting customers’ expectations and desires is a key goal for all enterprises, and credit unions (CUs) are no exception. PYMNTS’ Credit Union Innovation Index found that CU members may not prioritize the latest technologies as much as bank and FinTech customers do, but they still...
Credit unions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ Credit Union Innovation Index found that 65% of such members chose their CUs because they trusted them, for example, with 60.8% saying they would not...
PSCU, a credit union service organization (CUSO), is backing its subsidiary Lumin Digital, a cloud-based banking platform, with an additional $35 million, bringing the total investment to $70 million, PSCU said in a press release on Thursday (Nov. 21). Launched by PSCU 18 months ago,...
