PSCU and Co-op Solutions, two credit union service organizations (CUSOs) and FinTech solution providers, have announced plans to merge. The move aims to offer credit unions innovative technology, better services, increased scale and differentiated value, the companies said in a Monday (Nov. 6) press release. Charles Fagan,...
A growing number of consumers are interested in cryptocurrencies, and most know what they are. But the number of financial institutions ready to offer cryptocurrency services to their members or customers is shrinking. “The wild fluctuations in value that used to make [crypto] exciting have...
Two national credit union associations are merging to create a new advocacy group. Members of the Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions (NAFCU) have voted to join forces to become America’s Credit Unions, the groups said in a news release provided to...
You can’t have a successful business, no matter the business, if you don’t attract customers. When it comes to today’s world of evolving financial markets and fluctuating interest rates, consumers are becoming more discerning when choosing their financial institutions for credit products. “Consumers are relying...
The Loan Service Center (TLSC), a PSCU company, has partnered with Millennium Capital and Recovery Corp. to provide repossession solutions to credit unions. Through TLSC’s extended services, credit unions will gain access to Millennium’s nationwide first-party delinquency management services for collateral recovery and remarketing, the companies said in a Tuesday...
The continued rise of contactless payments may be among the most notable payments trends of the year, and it could pave the way for innovations that will shape commerce in the years ahead. PSCU Chief Growth Officer Brian Scott told PYMNTS that the groundwork was...
EarnUp has launched a platform designed exclusively for credit unions that aims to drive member engagement by providing solutions that automate savings, enhance loan eligibility and improve overall financial health. The new EarnUp Engagement Platform takes an ecosystem approach to member value, incorporating three key...
In 1948, International Credit Union Day was created to celebrate credit unions around the world. Since then, the third Thursday of every October has been dedicated to celebrating the advancements made in the credit union (CU) space, as well as what makes the member-owned nonprofit cooperative financial...
A decade ago, there were nearly 7,000 credit unions, and that number’s been consolidated to about 4,700. Scott Young, managing VP of Emerging Services at PSCU, told PYMNTS that the consolidation has been a response to “a myriad of factors” as pairings and buyouts happen...
