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MADISON, Wis.–The nation’s small credit unions are a mixture of misconceptions over their performance and future and are more efficient than many believe, and yet they are also staring at challenges that are the result of their lack of scale and that will be the deciding factors in whether or not they have a future.

RANCHO CUCAMONGA, Calif. – During Amazon’s annual Prime Day shopping holiday, total sales surpassed $11 billion, an all-time high for the massive e-commerce event, and debit cards were “far and away” the preferred spending tool for CU members, according to transaction data analyzed by CO-OP Financial Services’ SmartGrowth.

LANCASTER, Penn.–NCUA has granted a new federal charter to Community First Fund FCU here.

MUNICH, Germany—The microchip shortage plaguing so many industries could also disrupt the U.S. and global payments systems, the Smart Payment Association is warning.

BROOKFIELD, Wis.– Financial institutions of all sizes now can enable consumers to buy, sell and hold bitcoin through their bank accounts via an integration announced between Fiserv and NYDIG, a leading bitcoin technology and financial services company. 

COLUMBUS, Ohio–KEMBA Financial Credit Union has awarded four $2,500 scholarships were awarded to current and rising college students who submitted a video essay for consideration. 

HAUPAUGGE, N.Y.–Teachers FCU said it has been active over the first six months of 2021 in supporting its communities.

DUBLIN, Ireland/MIAMI–The number of credit unions—if any--affected by the ransomware attack on companies and organizations that use Kaseya software continues to remain unknown even as up to one-million personal computers reportedly may have been infected.