With 79 percent of credit union members willing to switch to a financial institution with more convenient banking services, offering mobile apps is becoming increasingly vital for CUs. But many lack the resources to develop their own apps, making collaboration with other CUs crucial. In...
Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. A recent study found that CUs beat banks in eight financial well-being attributes, such as helping consumers reach financial goals, understanding financial...
January 28, 2020
Credit unions (CUs) face stiff competition from banks, FinTech firms and other players in the financial industry, but they have several intrinsic advantages. A recent study found that CUs beat banks in eight financial well-being attributes, such as helping consumers reach financial goals, understanding financial well-being and putting consumers’ financial well-being ahead of banks’ interests. […]
May 25, 2021
Payments credit union service organization (CUSO) PSCU announced Tuesday (May 25) that Together Credit Union in St. Louis, which has over $2 billion in assets, has become a part of the cooperative for “full-service credit and debit card processing support and services,” according to a press release emailed to PYMNTS. “Together Credit Union was seeking […]
