Consumers in the United States rely less on their primary financial institution (FI) for major credit products than they used to. Many are shopping around for better deals on rates and terms and for a larger variety of products, resulting in increased competition from non-bank...
Let’s give credit unions, yes, the credit they deserve. Take membership, for instance, which recently reached 108 million, a sign the market is enjoying a boom. For the latest market developments, PYMNTS.com introduces the Credit Union Tracker™, powered by CO-OP Financial Services, a monthly report that follows notable innovations,...
Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 million in Q2 of this year alone, with the...
March 11, 2024
Credit union (CU) members value the classic benefits associated with CUs, such as lower fees and more access to loan products. Still, PYMNTS Intelligence finds they also show more interest in seamless omnichannel banking, cash management tools and buy now, pay later (BNPL) than non-CU members. Like many digitally savvy consumers, CU members increasingly expect […]
July 31, 2017
Is the credit union market ready for its close-up? It’s a market that is showing clear signs of growth. In fact, the federally backed National Credit Union Administration (NCUA) reported...
