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

Why Gen Z Can Be Credit Unions Best Friend or Worst Enemy
Why Gen Z Can Be Credit Unions Best Friend or Worst Enemy
May 22, 2024  |  Credit Unions

In the current economic environment, Generation Z consumers struggle more than older consumers. Nonetheless, they are a growing demographic that financial service providers — including...

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Velera’s Co-op ATM Network Grows With Addition of cPort Credit Union
Velera’s Co-op ATM Network Grows With Addition of cPort Credit Union
May 21, 2024  |  Credit Unions

Maine-based cPort Credit Union has joined the Co-op ATM network offered by Velera, the payments credit union service organization (CUSO) formerly known as PSCU/Co-op Solutions. With the credit union joining the...

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Self-Serve and Digital-First Channels Can Populate ‘Banking Deserts’
Self-Serve and Digital-First Channels Can Populate ‘Banking Deserts’
May 17, 2024  |  Financial Inclusion

Banks have been fine-tuning their branch efforts as the pandemic recedes, shuttering locations in some markets and building new outposts in others. The Federal Reserve...

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AppTech Payments Aims to Take on Venmo With InstaCash
AppTech Payments Aims to Take on Venmo With InstaCash
May 16, 2024  |  Payment Methods

Frictionless commerce firm AppTech Payments completed the pilot of its Banking-as-a-Service (BaaS) platform. Now, the company will use the BaaS solution for the commercial launch of InstaCash, a real-time pay-by-bank transaction...

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75% of Large Banks Agree to Reimburse Victims of Authorized Fraud
75% of Large Banks Agree to Reimburse Victims of Authorized Fraud
May 14, 2024  |  Cybersecurity

The Federal Reserve’s FraudClassifier divides fraud into two categories: authorized fraud and its unauthorized counterpart. Authorized fraud occurs when a legitimate party initiates a payment only to have...

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PSCU/Co-op Solutions Rebrands as Velera
PSCU/Co-op Solutions Rebrands as Velera
May 07, 2024  |  Credit Unions

PSCU/Co-op Solutions is rebranding as Velera. The credit union service organization (CUSO) will roll out the Velera brand in phases over the next year, though the Co-op Solutions...

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PSCU Teams With Aloha Credit Union for Card Processing
PSCU Teams With Aloha Credit Union for Card Processing
May 01, 2024  |  Partnerships

PSCU/Co-op Solutions teamed up with Aloha Pacific Federal Credit Union (APFCU). The partnership will see the payments credit union service organization (CUSO) help Hawaii-based APFCU provide credit and debit card processing...

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Cautionary ‘Tale of Two Consumers’ Dials Up Personalized Approach to Financial Wellness
Cautionary ‘Tale of Two Consumers’ Dials Up Personalized Approach to Financial Wellness
April 30, 2024  |  Personal Finance

Not all that long ago, as Doug Brown, chief product officer, NCR Voyix Digital Banking, observed, credit unions and banks had a rather simple approach to...

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1 in 4 Consumers Prefer Credit Cards From Local Banks or Credit Unions
1 in 4 Consumers Prefer Credit Cards From Local Banks or Credit Unions
April 29, 2024  |  Credit Cards

According to PYMNTS Intelligence, credit unions (CUs) and community banks continue to gain traction in the consumer credit card space. As we found in researching...

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