credit unions

Credit union, a type of financial institution similar to a commercial bank, is a member-owned financial cooperative, controlled by its members and operated on a not-for-profit basis.

(source: en.wikipedia.org)

Juniper Payments: FedNow Can Spur Credit Unions to ‘Reimagine’ Financial Services
Juniper Payments: FedNow Can Spur Credit Unions to ‘Reimagine’ Financial Services
August 16, 2023  |  Real-Time Payments

Only a few weeks after launching in July, the FedNow Service promises to help transform payments, commerce and banking. But as Dr. Jorge Jimenez, president of Juniper Payments, a PSCU company,...

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One-Third of Credit Union Members Would Leave for Better Credit Products
One-Third of Credit Union Members Would Leave for Better Credit Products
August 14, 2023  |  Credit Unions

Consumers in the United States rely less on their primary financial institution (FI) for major credit products than they used to. Many are shopping around...

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Nearly 40% of Gen Z and Millennials Would Leave Banks Lacking Innovation
Nearly 40% of Gen Z and Millennials Would Leave Banks Lacking Innovation
August 09, 2023  |  Banking

Potential customer loss could outweigh the cost of investing in payment methods that consumers demand. Payment options matter to account holders across generations, but it...

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PYMNTS Intelligence: Why Credit Unions Are Merging to Sharpen Their Competitive Edge
PYMNTS Intelligence: Why Credit Unions Are Merging to Sharpen Their Competitive Edge
August 07, 2023  |  Digital Banking

The financial industry has become more competitive than ever as shifting economic conditions and the pandemic’s lingering effects make digital banking the primary means by...

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Strategic Mergers Help Credit Unions Survive — and Thrive — in a Tough Economy
Strategic Mergers Help Credit Unions Survive — and Thrive — in a Tough Economy
August 04, 2023  |  Digital Banking

Credit unions have long occupied a specific market niche within the financial industry. CUs favor more personalized and member-focused services than their bank counterparts but...

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NCR and Autobooks Team on Payment Tools for Small Businesses
NCR and Autobooks Team on Payment Tools for Small Businesses
August 03, 2023  |  SMBs

NCR and Autobooks have formed a partnership that adds integrated digital invoicing, payment acceptance and accounting features to NCR Digital Banking for financial institutions. The...

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Banks Must Use Data and AI to Stay Relevant to Customers, Says NCR’s Doug Brown
Banks Must Use Data and AI to Stay Relevant to Customers, Says NCR’s Doug Brown
August 03, 2023  |  Technology

According to Doug Brown, president at NCR, right now the “one” thing that’s top of mind for financial institutions is staying relevant in the minds...

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New York DFS Places Yonkers Postal Employees Credit Union Into Conservatorship
New York DFS Places Yonkers Postal Employees Credit Union Into Conservatorship
July 28, 2023  |  Credit Unions

The Yonkers Postal Employees Credit Union (Yonkers CU) has been placed into conservatorship by the New York State Department of Financial Services (DFS), with the...

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PSCU CEO: Credit Unions Will Weather the Battle for Deposits Amid Profit Crunch
PSCU CEO: Credit Unions Will Weather the Battle for Deposits Amid Profit Crunch
July 25, 2023  |  Credit Unions

Earnings season is underway, spotlighting a new reality for smaller banks in a long, hot summer. “They’ve had to re-engineer managing their business from just...

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