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

Credit Unions Assume New Role In AML Fight
Credit Unions Assume New Role In AML Fight
December 14, 2018  |  Credit Unions

Credit unions (CUs) aren’t law enforcement agencies by design. However, anti-money laundering (AML) regulations like the Bank Secrecy Act can force CUs into the uncomfortable...

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How AML Regulations Are Pulling Credit Unions Into Law Enforcement
How AML Regulations Are Pulling Credit Unions Into Law Enforcement
December 13, 2018  |  Credit Unions

Communication and engagement with members is an essential part of any credit unions’ (CUs’) retention strategy. Recently, though, many CUs have turned to technology-driven solutions...

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Google Pay Adds 29 US Banks To Mobile Payment Service
Google Pay Adds 29 US Banks To Mobile Payment Service
December 07, 2018  |  Digital Payments

Google Pay, a digital wallet and payment platform, has added about 30 new U.S. credit unions and banking institutions to its platform this month, according...

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Credit Unions Jump On The FI-FinTech Collaboration Train
Credit Unions Jump On The FI-FinTech Collaboration Train
December 06, 2018  |  B2B Payments

One of the biggest ways FinTech firms have been able to gain a competitive edge on traditional banks, for small business (SMB) customers, is through...

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Amid California Wildfires, FIs And Payment Services Offer Help
Amid California Wildfires, FIs And Payment Services Offer Help
November 19, 2018  |  Banking

Payment services providers and financial institutions are beginning their work in helping people recover from the California wildfires — with those disaster responses informed by experiences...

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Today In Data: Minding And Filling The Payments Gaps
Today In Data: Minding And Filling The Payments Gaps
November 15, 2018  |  Today In Data

Increasingly everything is online these days, up to and including consumer identity. That means many things are changing for the better: Checks, for the first...

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After Hurricane Michael, Credit Unions Step Up To Boost Rebuilding Efforts
After Hurricane Michael, Credit Unions Step Up To Boost Rebuilding Efforts
November 15, 2018  |  Credit Unions

When Hurricane Michael tore through the Florida Panhandle last month, it left $4.5 billion in damages in its wake. Now, as residents attempt to rebuild...

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NEW REPORT: Post-Hurricane, CUs Provide Some Calm After The Storm
NEW REPORT: Post-Hurricane, CUs Provide Some Calm After The Storm
November 14, 2018  |  Credit Unions

Credit unions (CUs) might operate as nonprofits, but just like a traditional bank or any other for-profit business, they still need customers — or in this case, members —...

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Credit Union Helps US Marijuana Businesses Put Down Roots
Credit Union Helps US Marijuana Businesses Put Down Roots
October 18, 2018  |  Credit Unions

With a growing number of states giving recreational marijuana the green light, legal marijuana businesses, which typically operate using cash, struggle to access basic banking...

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