For traditional financial services providers — chiefly credit unions — the future belongs to youth. For FinTechs, in looking at Gen Z consumers, well, things are a bit more cautious. They feel, to put it bluntly, that the juice is not worth the squeeze. PYMNTS...
California state lawmakers are considering legislation that would limit the number of overdraft fees credit unions (CUs) can charge their members. Under SB-1075, the 100+ CUs now doing business in the Golden State would be prohibited from charging their customers more than three overdraft fees per...
PSCU/Co-op Solutions has teamed with Amount to launch a digital lending suite. The suite, dubbed Origination Solutions, is now in the pilot stage with two credit unions, the credit union service organization (CUSO) announced in a Wednesday (April 10) news release provided to PYMNTS. “Today’s consumers expect immediacy...
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 their community focus, are embracing innovation with open arms, proving that size does not always...
Credit unions (CUs), known for their community-focused approach and member-centric values, are navigating a changing financial ecosystem. With the rise of FinTech startups offering cutting-edge technologies and personalized services, CUs are under pressure to modernize their operations and improve customer experiences. Recognizing the importance of...
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 in seamless omnichannel banking, cash management tools and buy now, pay later (BNPL) than non-CU...
An increasing number of former bank customers are transitioning away from those institutions in favor of becoming credit union members. These newly minted members are migrating to credit unions due to the appeal of competitive interest rates, lower fees and the accessibility of staffers, The...
Mergers are born of the principle that a combination of enterprises is greater than the sum of the respective parts. Chuck Fagan, president and CEO of PSCU/Co-op Solutions, told Karen Webster that PSCU’s combination with Co-op Solutions will create an end-to-end aggregator of digitally enhanced...
Erie Federal Credit Union (Erie FCU) has completed its conversion to having PSCU/Co-op Solutions provide debit and credit card processing services and support. Erie FCU formalized its agreement with the payments credit union service organization (CUSO) in August 2022, completed the credit card conversion in May and...
