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Although credit card penetration rates held steady at 17.3%, credit card loan balances increased 9.1% annually.
Deposit balances were on the rise as annual growth hit 5.4% in the second quarter of 2018.
As the industry looks for ways to accelerate deposits, it appears Iowa credit unions are ahead of the curve with higher than average share growth.
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Panelists at the Credit Union Summit during PayThink 2018 discuss Zelle, product integration, and staying relevant.
Five can’t-miss data points this week on CreditUnions.com.
3 takeaways from the Electronic Transactions Association’s TRANSACT Tech DC/ FinTech Policy Forum.
The North Carolina cooperative generates strong deposits to fuel a humming lending machine.
Early adoption and member convenience drive strategy at this Spokane cooperative.
ACH speed-up really needs to be just the beginning as consumer expectations ramp up for real-time payments.