Earnings season is underway, spotlighting a new reality for smaller banks in a long, hot summer. “They’ve had to re-engineer managing their business from just two years ago,” Chuck Fagan, president and CEO of PSCU, told Karen Webster. As these financial institutions (FIs) begin their...
Union Credit on Monday (July 17) announced the launch of what it called the “first marketplace for credit unions to make firm, one-click credit offers at the point of purchase.” According to a news release, the marketplace lets CUs reach new and credit-worthy members who aren’t...
As inflation remains stubbornly in place and credit gets ever more expensive, credit unions may have a secret weapon. Scott Young, managing VP of Emerging Services at PSCU, told PYMNTS that credit unions (CUs) stand to benefit from their lending operations, appealing to critical demographics,...
Credit unions need to innovate — and quickly. Scott Young, managing VP of emerging services as PSCU, said credit unions (CUs) have the tools, and, importantly, the member and enterprise relationships in place to build relationships for the long term. No matter how impatient we...
Associated Credit Union (ACU) has picked PSCU to provide credit card processing services and support. PSCU, a credit union services organization (CUSO), announced the partnership with the Georgia-based financial institution (FI) in a news release Thursday (June 29). “With 20 branches and more than $2.1...
Many credit unions (CUs) have resolved to follow rather than lead in digital innovation. Nearly two-thirds adopt a cautious wait-and-see approach even as more members want innovative experiences and their competitors gain an advantage. PYMNTS’ latest study finds that 28% of CU members are willing...
While crypto may have lost its shiny-object appeal, many still believe digital assets hold utility. In the face of ongoing regulatory scrutiny and volatile market swings, the crypto landscape has shown surprising resiliency coming out of a disastrous 2022. “We’re definitely seeing more interest and more activity,” when...
Consumers now have more options for getting loans, making deposits and transacting across digital channels. And they also have higher expectations based on the type of digital experiences they receive from their preferred brands, including travel, fitness, payment and social media. Their expectations are no...
Credit unions are meeting the needs of members, especially younger ones, by leveraging technology and an array of modern tools. These efforts have been strikingly successful so far, with a survey finding that 77% of Americans who use CUs to handle their primary financial needs...
