Credit Unions

  • Michigan Approves Charter For First LGBT Credit Union

    September 10, 2019 Michigan has approved a charter for a new financial institution designed for LGBT customers. Superbia Credit Union will offer products such as loans for transgender people in the process of transitioning, ...
  • Moving Data Analytics Up The Credit Union Priority Chain

    June 26, 2019 credit unionMost of the insight into credit union spending priorities featured in the PYMNTS/PSCU Credit Union Playbook earlier this year is probably much in line with expectations. Anti-money laundering, data security, mobile/digital ...
  • Deep Dive: Why CUs Must Take A UX-Centric Approach To Digital Innovation

    June 3, 2019 Credit unions know digital innovations are critical to recruiting and retaining members. Developing and offering innovative services that make a difference requires more than simply designing technological tools equipped with ...
  • Starting Early: Inside Community First’s Youth Agriculture Lending Program

    May 31, 2019 How Community First Credit Union Lends to KidsYoung entrepreneurs with agricultural aspirations need serious capital to get a jump-start on their business ideas. In reality, it takes significant cash to buy the animals and supplies needed to ...
  • NY Seizes Municipal Credit Union After Embezzlement

    May 19, 2019 New York’s Department of Financial Services seized Municipal Credit Union, New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions. The move comes after ...
  • Central 1 Combines Invoicing With Payment Request For SMBs

    March 14, 2019 Canadian financial technology provider Central 1 is linking its credit union customers to a new solution designed to streamline accounts receivable for small businesses. The company said in a press release ...
  • For Highly Mobile Members, UNFCU Thinks Globally

    September 20, 2018 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 ...
  • NEW REPORT: For UN Workers, A Credit Union Crosses Borders

    September 19, 2018 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 ...
  • Massachusetts Credit Union Gets Into Cannabis Banking

    September 18, 2018 CannabisA credit union (CU) is now the first financial institution (FI) in Massachusetts to offer banking services to recreational marijuana companies. GFA Federal Credit Union revealed to The Boston Globe that it ...
  • America’s Credit Union Links SMBs To Veem Payment Services

    May 3, 2018 Cross-border small business payments company Veem is partnering with America’s Credit Union (ACU) to expand its reach to small business (SMB) customers. ACU will link its SMB clients to Veem’s global ...
  • Giving The People What They Want

    April 20, 2018 The customer has spoken. These days it isn’t so much about giving them what they want, so much as it is about giving customers all the things they want — ...
  • Credit Unions Battle Banks Over Tax Exemptions

    February 22, 2018 Credit unions took a stand against state bank associations this week over the credit union exemption from federal taxes. “We are disheartened that the banks continue to use misinformation in their ...
  • Amidst Growing Competition, Credit Unions Turn To Data

    February 16, 2018 For credit unions, challenging a growing competition means better understanding their customers’ needs. But doing so without data insights is like shooting arrows in the wind, says Kyle Casburn, CEO ...
  • CUs Turn To Data To Keep Up With The Joneses

    February 15, 2018 In the fight to compete against banks and other financial institutions (FIs), credit unions (CUs) and service providers are turning to new technology and data-driven solutions to better support their ...
  • Look Ma, No Debt! A Credit Union’s Student Strategy

    January 22, 2018 High school students are getting an up-close and personal look at money and how to manage it, thanks to in-school credit union operations run by classmates. In the newest Credit ...
  • NEW INSIGHT: Turning Savings-Conscious Students Into Lifetime CU Members

    January 19, 2018 The early bird catches the worm — and credit unions (CUs) are no exception. Players around the space are increasingly looking to get a jumpstart on teaching their customers about savings ...
  • Credit Union Pitches Fed On Pot Payments Solution

    October 18, 2017 Denver-based, state-chartered Fourth Corner Credit Union has asked the Federal Reserve Bank of Kansas City for a master account to help social groups pushing for the legalization of marijuana. According to ...
  • Credit Unions: Better Together

    October 2, 2017 The best offense is a good defense. It’s true in sports, and also true in disaster preparedness. Simply reacting is often too little, too late. When conditions are bad enough, ...
  • Credit Union’s Key To Survival: Listen, Learn, Repeat

    September 20, 2017 How can older credit unions keep up with younger, sexier FinTechs? In the latest PYMNTS Credit Union Tracker™, powered by CO-OP Financial Services, Doug Marshall, senior VP of digital channels ...
  • NEW REPORT: The Credit Union Guide To Smart Aging

    September 19, 2017 They’re generations apart, but can older credit unions (CUs) and newer FinTechs get along? Based on recent activity, it would appear so. Older CUs from all corners of the space ...
  • Why Credit Unions Should Take Comfort in Risk

    September 1, 2017 As the saying goes, no risk no reward. For the credit union market, the message is clear in terms of innovation: Put on your wingsuit and take a chance or ...
  • NEW REPORT: The Credit Union’s Biggest Risk — Not Taking Risks

    August 31, 2017 Credit unions are risk-averse institutions by nature. But if credit unions don’t take a gamble on new financial innovations, they are inadvertently taking on another type of risk altogether: Being ...
  • LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions

    July 25, 2017 For value, the Federal Reserve estimates that a college grad will make about $830,000 over the course of a lifetime; the Georgetown University Center for Education and the Workforce estimates ...
  • Apple Pay Support Now Available For Additional Banks In US, Russia

    April 5, 2017 Apple Pay has added more than 20 banks and credit unions in the United States, as well as two new banks in Russia, that now support the payment service, according to ...
  • Credit Unions Explore Real-Time Payments With D+H

    March 7, 2017 D+H, which provides solutions to financial institutions, has announced its newest partner to promote real-time payments for corporates. The company said Monday (Mar. 6) that it is working with Corporate One ...
  • CFPB Orders Navy Federal Credit Union To Pay $28.5 Million Fine

    October 12, 2016 The Consumer Financial Protection Bureau said on Tuesday (Oct. 11) it ordered Navy Federal Credit Union to pay $28.5 million in fines and restitution over civil charges it allegedly made ...
  • Shipshape Debit Card Usage

    July 19, 2016 Visa: Amid EMV Rollout, Counterfeit Fraud DownHow to boost debut card usage among members of the Navy Federal Credit Union? Instant Issuance of debit cards, on the spot, with EMV capability.
  • UK Credit Union Assets On The Rise

    November 26, 2015 UK banksFiserv’s latest Future Trends in U.K. Banking report found that the nation’s credit union assets are expected to surge to £2.2 billion by 2020. The financial services technology company’s research, which ...
  • Credit Unions’ Omnichannel Strategy For Corporates

    November 17, 2015 VSoft Corporation, which provides financial institutions with information and technology solutions, has just been tapped by a major market. Reports on Monday (Nov. 16) said VSoft was chosen by Corporate America ...
  • Cachet Picked As Preferred Mobile Deposit Provider

    August 21, 2015 CU Mobile Apps (CUMA), the new mobile solution designed for credit unions, selected mobile money technologies company Cachet as its preferred mobile deposit provider.
  • Apple Pay Secures Another Credit Union Partner

    August 11, 2015 Apple Pay has linked with another credit union, offering the payments platform to members shopping at participating stores. As reported in a Monday (Aug. 10) release, Bellco — the credit union based in ...
  • Credit Unions Try To Lure Business Borrowers

    July 7, 2015 Businesses may soon be enticed to turn to a credit union the next time they are in need of working capital. According to reports, the National Credit Union Administration has ...
  • Credit Union Regulator Will Pay For Losing Audit Data

    January 19, 2015 Three months after examiners from the National Credit Union Administration lost a thumb drive containing names and account numbers of a credit union’s members during an audit, the federal regulator ...
  • Credit Union Could Serve Pot Business―If The Fed Says Yes

    January 5, 2015 A new credit union in Colorado formed specifically to serve legal marijuana businesses could be a turning point for the fledgling pot industry, according to CNN. Fourth Corner Credit Union is ...
  • Credit Unions Say Home Depot Breach Hurt Them

    November 3, 2014 The recent card breach at Home Depot has reportedly cost credit unions nationwide about $60 million. The largest retailer data theft in history (so far, Christmas is coming) has already ...
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