credit unions

Credit Unions Join on FI-FinTech Collaborations

One of the biggest ways FinTech firms have been able to gain a competitive edge on traditional banks, for small business (SMB) customers, is through relationship-building. Banks are shuttering their physical branch locations at the fastest pace in years, according to The Wall Street Journal ( WSJ).

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VIDEO: There Is a Huge Difference Between Credit Union Members and Non in Comfort Using Debit

There is a huge difference between credit union members and non-credit union members in their comfort level with using debit cards. Watch this video to learn more.

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ACSI: Banks Are Now Equal to Credit Unions in Customer Service

Looking at the banking sector as a whole, both banks and credit unions now score an 81 out of a possible 100 points in customer satisfaction. A big part of the decline that’s besieged the credit unions is being blamed on an emerging digital gap. “Digital is everything right now,” according to David VanAmburg, Managing […]

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PODCAST: Majority of Credit Unions Are Missing a Huge Opportunity With Debit

The following is a transcript of the podcast episode hosted by Ryan McEndarfer, Editor-in-chief at PaymentsJournal.com Dr. Kathy, what are you seeing in regard to overall debit usage among credit union members? And why should credit unions be focused on improving debit card issuance and usage? That’s such a great question.

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Credit Unions, Community Banks Can Pool Resources to Fight Money Laundering

Federal regulators ruled Wednesday (October 3) that credit unions and community banks can pool resources for anti-money laundering compliance so that they can protect against financial crimes and at the same time keep their costs down. The Wall Street Journal, citing a statement from the Federal Reserve, the Federal Deposit Insurance Corp.

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PODCAST: Credit Unions Technology Roundtable

What’s the best defense credit unions have against disruption? Collaboration, according to John Best, CEO of Best Innovation Group. That’s important to remember as credit unions face increasing disruption from fintech companies, a new fintech bank charter, and other developments, adds Glen Sarvady, managing principal of 154 Advisors.

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Zelle No! Credit Unions Balk at Joining Bank-run P2P Network

Some credit unions won’t join the bank-operated Zelle P2P network – even as their members demand the service. Zelle doesn’t require a bank or credit union to participate in its network to allow it to receive funds; so even Zelle holdouts will see some activity on their accounts.

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For UN Workers, a Credit Union Crosses Borders

Credit unions (CUs), by default, are cooperative in nature. Many are tapping into their cooperative natures to pursue innovations, so as to compete aggressively and keep up with larger financial institutions (FIs) and FinTech challengers.

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Credit Unions Split on Potential Threat Posed by OCC’s Fintech Charter

With the Office of the Comptroller of the Currency having approved a national bank charter for fintechs this summer, a host of insiders have weighed in on potential pros and cons, and how OCC’s move might ultimately impact credit unions.

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