When it comes to making financial decisions, businesses and consumers alike need to be well-informed — and in recent weeks, several credit unions (CUs) have stepped up efforts to better educate their members. In the October/November Credit Union Tracker™, PYMNTS highlighted the latest efforts by CUs...
Credit unions can be easy to overlook and underestimate — individually, they generally don’t have a massive amount of assets, their membership bases are often pretty small and more localized, and on average their rate of credit card penetration among members is pretty small: 15...
When it comes to how consumers think about where their funds are the safest, large banks can benefit from somewhat of a perception gap. The issue isn’t one of actual capability, but of awareness and communication, according to CO-OP Financial Service’s Head of Industry Fraud...
For United Nations staffers stationed far and wide, transmitting funds to family or paying bills cross-border is a common challenge. These scenarios might throw traditional banks for a loop, but they’re among the bread and butter of the United Nations Federal Credit Union (UNFCU). In...
Credit unions (CUs), by default, are cooperative in nature. Many are tapping into their cooperative natures to pursue innovations, so as to compete aggressively and keep up with larger financial institutions (FIs) and FinTech challengers. Several credit unions, for example, recently formed partnerships designed to...
Frequent deployments and transfers can leave many military families dependent on a single income source. A lack of financial education can leave them vulnerable to risky products, like costly payday loans. In the latest Credit Union Tracker, Jaspreet Chawla, VP of membership at Navy Federal...
In military life, alliances often provide key support to those on the front lines, helping them stay safe and be prepared for unexpected developments. The same can be said of the financial services sector, where a series of new partnerships have emerged among credit unions...
In the new Credit Union Tracker™, Hawaii First FCU CEO Laura Aguirre explains how the credit union is resettling residents affected by volcanic activity with tailored products and offerings.
The credit union (CU) market has long argued that rules intended for larger, more traditional banks have unjustly been applied to their industry, stifling their growth and pace of innovation. However, recent changes in regulations could open new doors for the credit union market to...
