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

Credit Unions Throw ‘Cautious’ Reputation to the Wind

Credit Unions Throw ‘Cautious’ Reputation to the Wind
Credit Unions Throw ‘Cautious’ Reputation to the Wind
July 01, 2025  |  Credit Unions

A transformation is underway within the credit union ecosystem, where innovation in financial products and services is no longer exclusive to the largest or most...

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Velera and Black Dragon Team to Support Credit Union Innovation
Velera and Black Dragon Team to Support Credit Union Innovation
June 30, 2025  |  Credit Unions

Credit union service organization (CUSO) Velera teamed with investment firm Black Dragon Capital. The collaboration will see Velera and Black Dragon work toward “creating and...

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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...

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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...

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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...

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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...

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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),...

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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...

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