The timing is right for credit unions (CUs) to innovate to attract and retain new members. The number of CUs may be declining, but membership is growing. Research shows that just 5,001 CUs were in operation at the start of 2021, representing a nearly 2...
Some of the latest data holds good news for credit unions. PYMNTS research confirms that the majority of credit unions (CUs) are meeting the challenge to offer digital services and products that members have come to expect. The Credit Union Innovation Study, a PYMNTS and...
PSCU, the credit union service organization (CUSO), has expanded its partnership with Greylock Credit Union, and will now provide debit processing support in addition to support services for credit, according to a press release emailed to PYMNTS. “At Greylock, we seek out partners that care...
Credit unions (CUs) shuffled off a somewhat lackluster image decisively since early 2020, and along with their credit union service organization (CUSO) partners are now joining the vanguard of digital innovators shaking up that sector and bringing it forward with speed and scale. PYMNTS’ July...
If the nation’s more than 5,000 credit unions (CUs) wish to stay competitive, Chuck Fagan, president and CEO of PSCU, said the move to digital-first banking and innovation must be fast-tracked. Though memberships at CUs continue to grow, they are facing fierce competition from challenger...
In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In this excerpt, Todd Clark, president and...
Credit unions (CUs) are known for catering to consumers with a personal touch and for helping small business clients thrive and grow, which has positive ripple effects throughout their communities. Jeremiah Lotz, managing vice president, digital and data at PSCU, told PYMNTS that, as the...
The bar on credit union (CU) innovation is higher than ever. CU members across the United States have gone online to bank and transact, and most have no intention to going back to in-person banking as it was. The result is an unprecedented need for...
CheckAlt, which provides payment and item processing for banks and credit unions (CUs), announced it has formed an alliance with credit union service organization (CUSO) CU Prodigy to advance CU’s digital transformations. The company said the arrangement is designed especially to handle loan payment processing services....