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)

70% of Small Businesses Want Better Cash Management Services From Banks
70% of Small Businesses Want Better Cash Management Services From Banks
July 31, 2024  |  SMBs

Small to mid-sized businesses (SMBs) are contending with a perfect storm of financial difficulties: outdated payment systems, persistent inflation and delayed payments. These issues disrupt...

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Nexi and Payac Team on Instant Credit Union Payments
Nexi and Payac Team on Instant Credit Union Payments
July 30, 2024  |  Partnerships

Nexi has signed a partnership with credit union-owned payment service provider Payac. The agreement allows for SEPA instant payments to all participating credit unions in the Republic of...

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Equipifi Debuts ‘Pre-Purchase’ BNPL Tool for Banks, Credit Unions
Equipifi Debuts ‘Pre-Purchase’ BNPL Tool for Banks, Credit Unions
July 30, 2024  |  BNPL

Buy now, pay later (BNPL) platform equipifi has introduced a “pre-purchase” solution called “Plan Your Purchase.” The new offering lets financial institutions offer account holders “flexible financing”...

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TriVerity and Akuvo Team to Ease Collections for Credit Unions
TriVerity and Akuvo Team to Ease Collections for Credit Unions
July 30, 2024  |  Partnerships

Collection agency TriVerity has teamed with collections/credit risk company Akuvo. The collaboration, announced Tuesday (July 30), is designed to ease the process of third-party charge-off...

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Swivel Enables Banks to Accept Loan Payments Through Apple Pay
Swivel Enables Banks to Accept Loan Payments Through Apple Pay
July 25, 2024  |  Loans

Swivel is now enabling its credit union and community bank clients to accept loan payments through Apple Pay. The FinTech has integrated its transaction enablement solutions...

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New Data: Self-Service Innovation Emerges as Key to Credit Union Retention and Growth
New Data: Self-Service Innovation Emerges as Key to Credit Union Retention and Growth
July 10, 2024  |  Credit Unions

Credit union (CU) members tend to value benefits such as personal service and a sense of community associated with CUs. Data reveals, however, that CU...

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Velera Launches Project Management Platform for Credit Unions
Velera Launches Project Management Platform for Credit Unions
June 27, 2024  |  Credit Unions

Credit union service organization Velera is rolling out a new onboarding and project management platform. Formerly known as PSCU/Co-op Solutions, Velera said in a Thursday...

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62% of FinTechs Develop Products With Gen Z Consumers in Mind
62% of FinTechs Develop Products With Gen Z Consumers in Mind
June 18, 2024  |  Gen Z

As we recently reported, credit unions (CUs) are aggressively marketing toward Generation Z consumers. Ninety-five percent of them are focused on convincing Gen Z to...

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Velera CEO: Credit Unions Need Gen Z Consumers to Gain ‘Velocity’
Velera CEO: Credit Unions Need Gen Z Consumers to Gain ‘Velocity’
June 18, 2024  |  Credit Unions

The average credit union member is 53 years old. Reasonably affluent, well traveled down the journey of life’s financial goals — and well aware of...

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