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

Elan and VolCorp Launch Card Program for Credit Unions
Elan and VolCorp Launch Card Program for Credit Unions
November 28, 2023  |  Partnerships

Elan Credit Card teamed with VolCorp to launch a credit card program for credit unions. The partnership brings together VolCorp, a nonprofit cooperative that bills...

READ MORE >
Bank Data Silos Need Breaking for Open Banking to Succeed
Bank Data Silos Need Breaking for Open Banking to Succeed
November 22, 2023  |  Banking

Serena Smith, chief client officer at i2c, told PYMNTS that the shift to faster payments and open banking will spur financial institutions to take a...

READ MORE >
Credit-Seeking Consumers Give Credit Unions and Community Banks a Second Look
Credit-Seeking Consumers Give Credit Unions and Community Banks a Second Look
November 21, 2023  |  Credit Unions

National banks dominate the consumer credit space. Still, credit unions and community banks are becoming an increasingly popular choice for issuing credit cards. The share...

READ MORE >
Fed to Raise Payment Services Prices 1.8%, but FedNow Unaffected
Fed to Raise Payment Services Prices 1.8%, but FedNow Unaffected
November 17, 2023  |  Payment Methods

The Federal Reserve Board has announced price changes for 2024 that will raise the price for established, mature services by an average of 1.8%. For...

READ MORE >
PSECU and Greenlight Team to Promote Financial Literacy
PSECU and Greenlight Team to Promote Financial Literacy
November 15, 2023  |  Credit Unions

Pennsylvania-based credit union PSECU is working with Greenlight to promote financial literacy among young consumers. A partnership between the credit union (CU) and FinTech will give PSECU members to...

READ MORE >
CFPB’s New Rules Target 13 Billion Big Tech App and Digital Wallet Transactions
CFPB’s New Rules Target 13 Billion Big Tech App and Digital Wallet Transactions
November 08, 2023  |  Legal & Regulation

Will new rules governing digital wallets and apps blunt Big Tech innovations — or put desperately needed guardrails in place? The Consumer Financial Protection Bureau’s...

READ MORE >
CFPB Proposes Oversight for Big Tech and Digital Wallet Providers
CFPB Proposes Oversight for Big Tech and Digital Wallet Providers
November 07, 2023  |  Legal & Regulation

In a move to ensure consumer protection and regulatory oversight, the Consumer Financial Protection Bureau (CFPB) is proposing to supervise larger nonbank companies that offer...

READ MORE >
PSCU and Co-op Solutions Announce Merger
PSCU and Co-op Solutions Announce Merger
November 06, 2023  |  Credit Unions

  PSCU and Co-op Solutions, two credit union service organizations (CUSOs) and FinTech solution providers, have announced plans to merge. The move aims to offer credit unions...

READ MORE >
Crypto and the Credit Union Innovation Playbook
Crypto and the Credit Union Innovation Playbook
November 06, 2023  |  Credit Unions

A growing number of consumers are interested in cryptocurrencies, and most know what they are. But the number of financial institutions ready to offer cryptocurrency...

READ MORE >