credit unions

Credit union, a type of financial institution similar to a commercial bank, is a member-owned financial cooperative, controlled by its members and operated on a not-for-profit basis.

Source: en.wikipedia.org

Open Banking’s Price Tag: CFPB’s 1033 Rule and the Cost of Compliance
Open Banking’s Price Tag: CFPB’s 1033 Rule and the Cost of Compliance
October 22, 2024  |  CFPB

The goal of the Consumer Financial Protection Bureau’s final rule on data sharing unveiled Tuesday (Oct. 22) is to promote competition and, by extension, financial...

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Embedded Finance Comes With Side-Helping of More Merchant Sales
Embedded Finance Comes With Side-Helping of More Merchant Sales
October 22, 2024  |  Payments Innovation

The promise of embedded payments — and the march toward embedded everything — says that commerce and money movement is seamless and intuitive. In the...

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Financial Stress Can Become Moment of Engagement for Community Banks    
Financial Stress Can Become Moment of Engagement for Community Banks  
October 16, 2024  |  Banking

There’s no shortage of static when it comes to financial advisors with wellness advice these days. Social media feeds, banking apps, 24-hour news channels and...

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Velera Aims for Card Diversification With Arroweye Partnership
Velera Aims for Card Diversification With Arroweye Partnership
October 15, 2024  |  Partnerships

Credit union service organization Velera has launched a collaboration with Arroweye Solutions. According to a Tuesday (Oct. 15) news release, Velera has chosen Arrowye as a provider of card...

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Amount Targets ‘Deposit Drift’ With Account Opening Platform
Amount Targets ‘Deposit Drift’ With Account Opening Platform
October 15, 2024  |  Banking

Banking technology firm Amount has introduced its unified account opening and loan origination platform. The new solution is designed to help banks and credit unions reduce costs,...

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Washington-Based HAPO Community Credit Union to Acquire Community First Bank
Washington-Based HAPO Community Credit Union to Acquire Community First Bank
October 09, 2024  |  Acquisitions

Richland, Washington-based HAPO Community Credit Union plans to acquire Kennewick, Washington-based Community First Bank. The transaction has been approved by each institution’s board of directors...

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Candescent’s Brown: Credit Unions Need Human Touch to Attract Gen Z
Candescent’s Brown: Credit Unions Need Human Touch to Attract Gen Z
October 09, 2024  |  Banking

For all banks — but especially for small banks and credit unions — capturing the hearts, minds and wallet share of younger generations is more...

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Fed Data Shows Credit Unions Making Gains With Cardholders and Non-Revolving Debt
Fed Data Shows Credit Unions Making Gains With Cardholders and Non-Revolving Debt
October 09, 2024  |  Credit Unions

Spending on the cards may be slowing, non-revolving debt is still rising, and credit unions — as shown by the Federal Reserve’s latest data on...

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NuMark Credit Union Chooses Atleos to Upgrade ATM Offerings
NuMark Credit Union Chooses Atleos to Upgrade ATM Offerings
October 08, 2024  |  Credit Unions

Self-service banking provider NCR Atleos has launched a collaboration with NuMark Credit Union. “As member expectations continue to evolve, we are committed to providing a...

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