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

ValidiFI Powers Velera’s Bank Account Validation for Credit Unions
ValidiFI Powers Velera’s Bank Account Validation for Credit Unions
June 26, 2025  |  Authentication

ValidiFI’s instant bank account validation solution, vAccount, is powering a new bank account validation function that credit union service organization Velera offers its clients. This...

READ MORE >
Velera Builds Governance Framework to Shield Credit Unions From AI Risk
Velera Builds Governance Framework to Shield Credit Unions From AI Risk
June 25, 2025  |  Artificial Intelligence

Watch more: Velera Builds Governance Framework, Shields Credit Unions From AI Risk There’s no reason credit unions should be left out of the artificial intelligence...

READ MORE >
The Banking Industry’s Newspaper Moment
The Banking Industry’s Newspaper Moment
June 23, 2025  |  Banking

In 2000, USA Today was the most circulated newspaper in the United States. More than 1.6 million copies were printed each day. Over 6.6 million...

READ MORE >
Banks Target Business Clients With Instant Payments as Liquidity Tool
Banks Target Business Clients With Instant Payments as Liquidity Tool
June 20, 2025  |  Real-Time Payments

Faster payments are fundamentally changing how commercial banks and credit unions deliver value and differentiate themselves. This shift extends beyond mere transaction speed; it’s about...

READ MORE >
Credit Union Branch Closures Hit Highest Level Since 2021
Credit Union Branch Closures Hit Highest Level Since 2021
June 18, 2025  |  Credit Unions

Credit unions closed 32 locations during the first quarter, the largest drop since 2021. As the publication Credit Union (CU) Times reported Tuesday (June 17),...

READ MORE >
Digital Innovation Opens Doors for Credit Unions to Broaden Membership
Digital Innovation Opens Doors for Credit Unions to Broaden Membership
June 18, 2025  |  Credit Unions

Credit unions (CUs) face a critical juncture that threatens their long-term viability. Baby boomers dominate CU membership, making up 39% compared to 31% for millennials...

READ MORE >
Banks Fast-Track Merchant Acquiring to Cement Small Business Loyalty
Banks Fast-Track Merchant Acquiring to Cement Small Business Loyalty
June 16, 2025  |  Banking

Across more than 10,000 banks and credit unions in the United States, only a small subset has a direct merchant acquiring strategy. Yet, one would...

READ MORE >
Gen Z’s Digital Expectations Force Banks Into Innovation Overdrive
Gen Z’s Digital Expectations Force Banks Into Innovation Overdrive
June 16, 2025  |  Consumer Insights

The most digitally-native cohort is rapidly reshaping the financial services landscape. With their purchasing power projected to reach $12 trillion in just five years and...

READ MORE >
Tight Credit Market Creates ‘Goldilocks Scenario’ for Alternative Lenders
Tight Credit Market Creates ‘Goldilocks Scenario’ for Alternative Lenders
June 12, 2025  |  Alternative Credit

The traditional credit supply chain is showing signs of strain, leaving millions of consumers seeking alternatives to conventional banking products and opening new avenues for...

READ MORE >