It’s time for credit unions to make sure that they know how to talk to members about crypto, according to a major credit union service organization (CUSO). This is why PSCU, which supports more than 1,900 financial institutions representing nearly 7 billion transactions annually, is...
PSCU company TriVerity is introducing a new solution to handle all aspects of timely indirect credit bureau tradeline dispute investigations and responding to automated credit dispute verification forms (ACDVs). The Indirect Credit Bureau Dispute Processing Solution via The Loan Service Center (TLSC) gives credit unions...
Credit unions (CUs) have delayed their entry into the market for cryptocurrency products and services, largely because financial regulations bar CUs from holding digital assets on their balance sheets. At the same time, many credit union executives say they do not fully understand digital currencies...
Financial institutions — and credit unions (CUs) in particular — are facing a generational divide. Studies have found that as recently as last year, less than half of Generation Z and millennials surveyed used the same financial institutions (FIs) as their parents in 2021. Younger...
Account origination platform MANTL is expanding into the credit union market, the company announced in a press release Tuesday (Aug. 23). The company said MANTL for Credit Unions is a deposit origination tool for credit unions, created in partnership with Alliant Credit Union. “Credit unions...
The pandemic forced financial institutions (FIs) of all kinds to undergo a digital transformation of their offerings. While most credit unions (CUs) are now meeting member demands for digital and mobile banking, consumers’ rapidly growing interest in the use of cryptocurrencies is encouraging CUs to...
With 23% of consumers holding crypto in 2022, CUs need to ensure that members understand these products. In the "Credit Union Tracker®," Visions Federal Credit Union’s Joe Keller and Cynthia Schroeder explain why credit unions are uniquely equipped to raise cryptocurrency literacy among their members.
Cryptocurrencies’ popularity has soared since their introduction in 2008, achieving record growth last year. PYMNTS’ research shows that the share of consumers who held crypto rose from 16% in 2020 to 23% in 2021, and this percentage is even higher among credit union members. A...
Credit unions (CUs) have a bit of an image problem. PSCU Managing Vice President of Digital and Data Jeremiah Lotz said that credit unions have been lagging a bit in embracing cutting-edge payments technologies and, by extension, serving their end members as fully as possible....
