Today In Data

Credit Unions Join Forces To Boost Digital Offerings

Credit Unions Join Forces To Boost Digital

Credit unions (CUs) are combining resources to offer better products and services their members crave, while car manufacturers are increasingly working with retailers to unlock new connected car buying experiences. In retail, shoppers who discovered their last purchases using their mobile phones ended up paying for them with the same technology, and BigCommerce sees the potential of blockchain applications for loyalty systems. All this, Today In Data.

Data:

115 million: Number of credit union members in the U.S. as of April 2019.

64 million: Number of connected cars expected to be on the road by the end of 2019.

58 percent: Share of the general population that says they will stick with the same brand of products no matter what.

54.7 percent: Share of consumers who discovered their last retail purchases using their mobile phones and ended up paying with those same devices.

$20 billion: Approximate value of federal, state and local taxes that credit unions pay annually.

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