credit unions

Credit union, a type of financial institution similar to a commercial bank, is a member-owned financial cooperative, controlled by its members and operated on a not-for-profit basis.

Source: en.wikipedia.org

Scam-Related Fraud Jumped 56% in 2024, Surpassing Digital Payment Crimes
Scam-Related Fraud Jumped 56% in 2024, Surpassing Digital Payment Crimes
December 10, 2024  |  Security & Fraud

As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. Efforts to combat fraud in routine digital...

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Energy Capital Credit Union Picks Velera for Debit Card Processing
Energy Capital Credit Union Picks Velera for Debit Card Processing
December 05, 2024  |  Credit Unions

Energy Capital Credit Union has expanded its partnership with credit union service organization (CUSO) Velera. Velera had already been providing credit card processing support for Energy Capital...

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Can Community Banks Out-Innovate Big Banks? The Tech Says Yes
Can Community Banks Out-Innovate Big Banks? The Tech Says Yes
December 05, 2024  |  Banking

If banks can’t give their customers the financial services they want or the experiences they expect, those customers will go and look for them elsewhere....

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Shastic and MeridianLink Partner on Workflow Automation for Financial Institutions
Shastic and MeridianLink Partner on Workflow Automation for Financial Institutions
December 03, 2024  |  Digital-First Banking

Shastic and MeridianLink have partnered to deliver artificial intelligence (AI)-powered workflow automation to banks and credit unions. In this collaboration, Shastic’s workflow automation solution will be...

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Chief Risk Officers Suit Up for Digital Duty
Chief Risk Officers Suit Up for Digital Duty
November 27, 2024  |  Risk Management

As financial services become more interconnected and technology-driven, the role and impact of the chief risk officer (CRO) is evolving dramatically. “The speed of change...

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Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending
Bridging the Digital Divide: How Banks Can Meet Customer Expectations in Lending
November 22, 2024  |  Banking

Banks and credit unions may feel like they offer a best-in-class digital experience — and the readiness to offer new services and options — when...

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Velera to Provide Debit Card Processing to Mississippi-Based Keesler Federal
Velera to Provide Debit Card Processing to Mississippi-Based Keesler Federal
November 20, 2024  |  Credit Unions

Credit union service organization (CUSO) Velera will provide debit card processing and support to Mississippi-based Keesler Federal Credit Union, which serves 327,000 members in the...

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Financial Institutions Face Surge in Check Fraud
Financial Institutions Face Surge in Check Fraud
November 19, 2024  |  News

Banks, credit unions and brokerages are reportedly racing to keep up with a surge in check fraud as tips for committing the crime are being...

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Credit Unions Trade Complexity for Simplicity and Win Customer Loyalty
Credit Unions Trade Complexity for Simplicity and Win Customer Loyalty
November 18, 2024  |  Credit Unions

“Complexity powers the status quo,” Karen Webster wrote in a recent column. And in financial services — particularly for credit unions —  complexity in the...

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