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....
It was once assumed that bank customers would bring their children on board to become lifelong customers themselves, but a new study indicates that this assumption is no longer valid. Less than half of Gen Z and millennials surveyed used the same financial institutions (FIs) as...
In the "Credit Union Tracker®," Canvas Credit Union’s Damian Jakubczyk explains how in-branch member service must be maintained while also pivoting to offer personalized digital offerings, too, in order to acquire and retain a new generation of banking consumers.
Younger banking consumers have many more choices today when it comes to conducting their financial business, and any financial institution (FI) looking to stay relevant with these generations must be prepared to be more than just their parents’ bank. Credit unions that once could rely...
Fight or flight. The classic conflict winds its way through all many aspects of life — even financial services. Turns out that some credit union (CU) consumers would rather vote with their feet than joust with their financial institutions (FIs) in a bid to get...
