Credit unions (CUs) are known for their personalized and member-focused services, which is an attractive offering for many of their members. But alternatively, they have paid less attention to digital innovations than rivals such as FinTechs or digital-only banks. Lagging in digital innovations poses a...
Credit union service organization PSCU has teamed with Air Academy Credit Union (AACU). The partnership will see PSCU offer AACU “comprehensive debit and credit card processing services and support,” PSCU said in a Wednesday (Dec. 13) news release. Based in Colorado Springs, the 68-year-old AACU holds more than $895 million in...
Traditionally, consumers have relied on their primary financial institutions (FIs), such as banks or credit unions (CUs), for credit products like credit cards, mortgages, auto loans and personal loans. However, increased competition from non-bank and non-credit union financial entities has led consumers to shop around...
Maine-based NorState Federal Credit Union will receive debit and credit card processing services and support from credit union service organization (CUSO) PSCU. PSCU will provide processing to the credit union’s more than 14,500 members beginning in the fall of 2024, the companies said in a...
National banks dominate the consumer credit space. Still, credit unions and community banks are becoming an increasingly popular choice for issuing credit cards. The share of consumers with a CU or community bank card as their primary card rose from 8.3% in 2020 to 13%...
Pennsylvania-based credit union PSECU is working with Greenlight to promote financial literacy among young consumers. A partnership between the credit union (CU) and FinTech will give PSECU members to Greenlight’s family finance app, available through the Greenlight for Credit Unions program, PSECU said in a news release. “Greenlight equips...
PSCU and Co-op Solutions, two credit union service organizations (CUSOs) and FinTech solution providers, have announced plans to merge. The move aims to offer credit unions innovative technology, better services, increased scale and differentiated value, the companies said in a Monday (Nov. 6) press release. Charles Fagan,...
A growing number of consumers are interested in cryptocurrencies, and most know what they are. But the number of financial institutions ready to offer cryptocurrency services to their members or customers is shrinking. “The wild fluctuations in value that used to make [crypto] exciting have...
Two national credit union associations are merging to create a new advocacy group. Members of the Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions (NAFCU) have voted to join forces to become America’s Credit Unions, the groups said in a news release provided to...
