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

CFPB Advises Consumers to Move From Payment Apps to Insured Accounts
CFPB Advises Consumers to Move From Payment Apps to Insured Accounts
June 01, 2023  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) has advised consumers to transfer money stored on payment apps to insured banks and credit unions. “Your money is at greater...

READ MORE >
Report: NCR Considers Selling $2 Billion Digital Banking Business
Report: NCR Considers Selling $2 Billion Digital Banking Business
May 24, 2023  |  Banking

NCR is reportedly weighing selling its digital banking unit ahead of its planned split. That’s according to a report Tuesday (May 23) from Reuters, citing...

READ MORE >
Credit Union Members Won’t Patiently Wait for the Payments Innovation They Need Now
Credit Union Members Won’t Patiently Wait for the Payments Innovation They Need Now
May 23, 2023  |  Opinion

Credit unions cannot afford to put off innovation as consumers are willing to move their accounts elsewhere to get the enhanced payments capabilities they seek,...

READ MORE >
PYMNTS Intelligence: The Best Lending Product Wins in Retention and Enrollment
PYMNTS Intelligence: The Best Lending Product Wins in Retention and Enrollment
May 22, 2023  |  Credit Unions

Credit unions know they need to be digitally savvy, but having the most user-friendly mobile app is not enough to catch and keep consumer attention....

READ MORE >
Economic Downturns Showcase CU Lending Advantages
Economic Downturns Showcase CU Lending Advantages
May 19, 2023  |  Credit Unions

University of Illinois Community Credit Union’s Kate Rogers says that favorable lending rates on everything from car loans to mortgages and a reputation for helping...

READ MORE >
Economic Downturn Highlights Credit Unions’ Lending Advantages
Economic Downturn Highlights Credit Unions’ Lending Advantages
May 18, 2023  |  Credit Unions

As consumers worry about financial wellness, 66% expect no improvement, and 29% expect their finances will worsen. Credit unions can stand out to existing and...

READ MORE >
Community Banks May Find GPT More Friend Than Foe
Community Banks May Find GPT More Friend Than Foe
May 17, 2023  |  Banking

The downfalls of Silicon Valley Bank, Signature Bank and First Republic have changed the conversations smaller financial institutions are having with their clients. Doug Brown, president of NCR, told Karen Webster that bankers...

READ MORE >
ACI Worldwide Teams With Corporate One for FedNow Launch
ACI Worldwide Teams With Corporate One for FedNow Launch
May 16, 2023  |  Real-Time Payments

ACI Worldwide says it is among the first payments firms certified for the U.S. Federal Reserve’s FedNow instant payments service, due to launch in July....

READ MORE >
Less Than a Quarter of Credit Unions Offer Real-Time Payments, Disappointing Members
Less Than a Quarter of Credit Unions Offer Real-Time Payments, Disappointing Members
May 10, 2023  |  Credit Unions

Credit unions (CUs) may find attracting and retaining members challenging if they lag behind major banks and FinTechs in providing enhanced payment capabilities, such as...

READ MORE >