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

Velera Debuts Real-Time Account Validation for Credit Unions
Velera Debuts Real-Time Account Validation for Credit Unions
June 11, 2025  |  Credit Unions

Credit union service organization Velera has debuted a new account validation function. This tool, announced Wednesday (June 11), is available across Valera’s online, digital and mobile channels,...

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Credit Unions Outspend Banks on Cloud Upgrades
Credit Unions Outspend Banks on Cloud Upgrades
June 10, 2025  |  Credit Unions

Innovation has emerged as a key factor in determining whether credit unions can thrive in a competitive, rapidly evolving financial ecosystem. As expectations from consumers...

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New Report Finds Digital Readiness Critical to Credit Union Survival
New Report Finds Digital Readiness Critical to Credit Union Survival
June 09, 2025  |  Credit Unions

The classic holiday film “It’s a Wonderful Life” is sometimes called “the credit union movie” for its heart-warming depiction of a member-owned financial institution with...

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Credit Unions Monetize Member Data Through FinTech Ties
Credit Unions Monetize Member Data Through FinTech Ties
June 05, 2025  |  Partnerships

Credit unions face pressure to keep pace with national, regional and local banks that are often at the forefront of developing cutting-edge financial services. To...

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How Teachers Federal Credit Union Is Rewriting Its Playbook With AI Automation
How Teachers Federal Credit Union Is Rewriting Its Playbook With AI Automation
May 29, 2025  |  Credit Unions

Teachers Federal Credit Union, one of the largest U.S. credit unions with more than $9.7 billion in assets and over 460,000 members, is using artificial...

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Tight Business Cases Accelerate Credit Unions’ Shift to Real-Time Payments
Tight Business Cases Accelerate Credit Unions’ Shift to Real-Time Payments
May 29, 2025  |  Real-Time Payments

Executives at financial institutions large and small know that faster payments are becoming a part of their strategic and competitive roadmaps. If they don’t offer...

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Credit Unions Double Down on Financial Controls to Boost Member Growth
Credit Unions Double Down on Financial Controls to Boost Member Growth
May 28, 2025  |  Credit Unions

For small firms, punching above their weight is key to survival. In financial services, where the global footprint of megabanks can cast a wide shadow...

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Velera Announces New Members of Board’s Executive Committee
Velera Announces New Members of Board’s Executive Committee
May 27, 2025  |  Credit Unions

Credit union service organization (CUSO) Velera appointed five continuing board members to its executive committee that helps guide the CUSO’s direction. The members of the...

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Credit Unions Outpace Digital Banks in Top-of-Wallet Conversion Battle
Credit Unions Outpace Digital Banks in Top-of-Wallet Conversion Battle
May 23, 2025  |  Credit Unions

The battle for the small and medium-sized business (SMB) share of wallet is heating up. While larger national and regional banks often leverage vast resources...

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