Credit Union Tracker/page/3 news and trends

Are Credit Unions Ready for Cryptocurrency?
Credit Unions // September 27, 2023

Few technologies have sparked more interest and controversy in recent years than cryptocurrency. The worldwide market capitalization of the digital currency hit more than $1 trillion earlier this year. Cryptocurrency is renowned for its potential to create wealth and dramatic fluctuations in value, leading to...

PYMNTS Intelligence: Countering Rising Fraud Threats to CUs
Digital Banking // September 07, 2023

Fraud attacks against banks and credit unions (CUs) are nothing new, but consumers are taking them much more seriously than they used to. A study found that 74% of consumers rate fraud protection as a top-three priority when opening a new financial account, outstripping ease...

Credit Unions Counter the Growing Risk of AI Fraud
Digital Banking // September 06, 2023

Digital banking has become the primary way many members engage with their credit unions. These interactions are typically quicker and more convenient than traveling to a physical branch or an ATM. However, these transactions are also more susceptible to fraud. Criminals can more easily impersonate...

PYMNTS Intelligence: Why Credit Unions Are Merging to Sharpen Their Competitive Edge
Digital Banking // August 07, 2023

The financial industry has become more competitive than ever as shifting economic conditions and the pandemic’s lingering effects make digital banking the primary means by which consumers interact with their financial institutions (FIs). More than three-quarters of customer experience leaders in a recent survey said...

Interviews & Exclusives
Are Credit Unions Ready for Cryptocurrency?

September 27, 2023
Few technologies have sparked more interest and controversy in recent years than cryptocurrency. The worldwide market capitalization of the digital currency hit more than $1 trillion earlier this year. Cryptocurrency is renowned for its potential to create wealth and dramatic fluctuations in value, leading to skepticism in the investment world. Bitcoin, for example, once lost […]

Credit Unions Counter the Growing Risk of AI Fraud

September 06, 2023
Digital banking has become the primary way many members engage with their credit unions. These interactions are typically quicker and more convenient than traveling to a physical branch or an...

Strategic Mergers Help Credit Unions Survive — and Thrive — in a Tough Economy

August 04, 2023
Credit unions have long occupied a specific market niche within the financial industry. CUs favor more personalized and member-focused services than their bank counterparts but typically operate on a much...

Gen Z Is Only 4% of Credit Union Members, and That’s a Problem

June 09, 2023
Young consumers are feeling the pinch. According to recent PYMNTS data, 73% of millennials live paycheck to paycheck — the highest rate among all generations, with Generation Z close behind...