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At one California cooperative, members and payments technology are one and the same.
Members at UWCU and First Tech are digging the digital disbursements available through the big banks’ P2P play.
Processors do the back-end lift while credit unions focus on meeting a growing demand.
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The Fed says it wants to gather more comment regarding same-day ACH payments, tapping the brakes on a process that began in 2016. But credit unions have other real-time options.
What credit unions need to know about members, lending, asset quality, share balances, and more at fourth quarter 2018.
Florida credit unions reported year-over-year growth in deposits and loans in addition to reporting the highest share draft penetration of any state in the nation.
Sharing returned deposit information fuels the powerful database in the fight against fraud.
Credit unions increased member value through lending, savings, community support, and more.
A high-yield savings account allows members and a credit union to achieve their savings goals.
Share balances are increasing across the country, but growth is especially notable at one Maryland credit union.