RANCHO CUCAMONGA, Calif. – Consumers show a preference for having a single financial services provider, while those feeling the stress of “financial fragility” are most likely to move to a new provider, two findings that suggest credit unions are strongly positioned in the current marketplace, according to a new survey.
WASHINGTON—CUNA is reporting its board has approved a resolution to adjust 2021 affiliation dues to provide relief for credit unions. The trade group said additional details will be released in the Fall.
BASINGSTOKE, U.K.– A new study from Juniper Research has found that the value of in-vehicle payments, where a payment is made via embedded vehicle systems, will reach $86 billion in 2025, up from just $543 million in 2020.
WASHINGTON—Ahead of a House Financial Services Committee oversight hearing to review the Treasury Department and Federal Reserve's response to the coronavirus pandemic, NAFCU shared how credit unions are working to assist their members and outlined areas where additional relief is needed.
MONROE, Wis. — Summit Credit Union has agreed to purchase Associated Bank’s Monroe, Wis., branch and deposit accounts.
WEST CHESTER, Penn.–Two Pennsylvania-based credit unions are moving the management of their ATMs to Dolphin Debit, which provides full ATM management services.
LYNN, Mass.–In the type of scenario unique to CUs, the fourth generation of one family is now leading a credit union at which his great-grandfather was an original board member.
NEW YORK—Citi is giving consumers another option to pay their monthly bill as the pandemic wears on and the economic crisis persists.
TALLAHASSEE, Fla. – The Southeastern Credit Union Foundation said it is now making available the Enrich online financial literacy platform to staff at credit unions affiliated with the League of Southeastern Credit Unions, which represents CUs in Alabama, Georgia and Florida.
OCEANSIDE, N.Y.–Ocean Financial FCU is reporting it saw a tripling of mobile check deposits by members from March until July, which it is attributing to the lockdown orders in New York.
In July, the credit union reported, it saw $1.3 million deposited via its mobile apps, up from $565,000 in March.
