Pscu/page/3 news and trends

Why Gen Z Can Be Credit Unions Best Friend or Worst Enemy
Credit Unions // May 22, 2024

In the current economic environment, Generation Z consumers struggle more than older consumers. Nonetheless, they are a growing demographic that financial service providers — including credit unions (CUs) — need to watch. This generation is made up primarily of digital-first consumers who manage and spend...

PSCU/Co-op Solutions Rebrands as Velera
Credit Unions // May 07, 2024

PSCU/Co-op Solutions is rebranding as Velera. The credit union service organization (CUSO) will roll out the Velera brand in phases over the next year, though the Co-op Solutions brand will be retained for its ATM Network and Shared Branching consumer-facing solutions, Velera said in a Tuesday (May 7) press release....

PSCU Teams With Aloha Credit Union for Card Processing
Partnerships // May 01, 2024

PSCU/Co-op Solutions teamed up with Aloha Pacific Federal Credit Union (APFCU). The partnership will see the payments credit union service organization (CUSO) help Hawaii-based APFCU provide credit and debit card processing services and support, PSCU/Co-op Solutions said in a Wednesday (May 1) news release provided to PYMNTS. “We’ve seen an increasing...

PSCU/Co-op Solutions Adds Amazon One to Digital Wallet Integrations
Digital Payments // April 23, 2024

PSCU/Co-op Solutions has added Amazon One to its suite of digital wallet integrations for client card issuers. This pay-by-palm solution is now available to credit unions on a pilot basis and is expected to be generally available later in the second quarter, the credit union service organization (CUSO) said in a Tuesday...

Interviews & Exclusives
Why Gen Z Can Be Credit Unions Best Friend or Worst Enemy

May 22, 2024
In the current economic environment, Generation Z consumers struggle more than older consumers. Nonetheless, they are a growing demographic that financial service providers — including credit unions (CUs) — need to watch. This generation is made up primarily of digital-first consumers who manage and spend their money via digital channels. Financial institutions (FIs) can increase […]

Nearly Half of Credit Unions Have No Plans for BNPL, Despite Member Demand

April 22, 2024
Credit unions (CUs) are continuing to win over members, with roughly 1 in 5 current CU members telling PYMNTS Intelligence they’ve changed primary banks last year. This is just one...

Credit Unions Cure Churn With Enterprise Focus on Innovation

March 26, 2024
In a world where big banks have long dominated the financial landscape, a quiet revolution is underway. Credit unions (CUs), those member-owned financial cooperatives that have always prided themselves on...

PSCU/Co-op Solutions Study Adds New Urgency to Credit Union Innovation

March 11, 2024
Credit union (CU) members value the classic benefits associated with CUs, such as lower fees and more access to loan products. Still, PYMNTS Intelligence finds they also show more interest...

Quick Reads
PSCU/Co-op Solutions Rebrands as Velera

May 07, 2024
PSCU/Co-op Solutions is rebranding as Velera. The credit union service organization (CUSO) will roll out the Velera brand in phases over the next year, though the Co-op Solutions brand will be retained for its ATM Network and Shared Branching consumer-facing solutions, Velera said in a Tuesday (May 7) press release. Further updates around the company and its operations will be […]

PSCU Teams With Aloha Credit Union for Card Processing

May 01, 2024
PSCU/Co-op Solutions teamed up with Aloha Pacific Federal Credit Union (APFCU). The partnership will see the payments credit union service organization (CUSO) help Hawaii-based APFCU provide credit and debit card processing services and support, PSCU/Co-op Solutions...

PSCU/Co-op Solutions Adds Amazon One to Digital Wallet Integrations

April 23, 2024
PSCU/Co-op Solutions has added Amazon One to its suite of digital wallet integrations for client card issuers. This pay-by-palm solution is now available to credit unions on a pilot basis and is expected to be generally...

PSCU/Co-op Solutions Launches Program to Facilitate Credit Union-FinTech Collaboration

April 02, 2024
PSCU/Co-op Solutions has launched a program designed to facilitate collaboration between credit unions and FinTech companies. The new Fintech Engagement Program includes both vetted FinTech companies and credit unions that are looking to...