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Headquarters Federal CreditUnion, created to serve its employees. The new features include a biometric voice authentication system intended to reduce the time spent waiting on hold and fortify security. The name is a nod to the CU’s founding 85 years ago by the Western Electric Company as the W.
In the latest PYMNTS CreditUnion Tracker® done in collaboration with PSCU , we delve into the technology gap that exists among many CUs (less than 5 percent of those in the U.S. currently offer mobilebanking apps, for example) and how it’s effecting institutional survival odds now. Innovate or Die’.
As COVID-19, the disease caused by the coronavirus , ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, creditunions (CUs) have a role to play — particularly in the battle against fraudsters who would prey upon CU members at this most vulnerable moment.
In a landscape that’s fast evolving to match the needs of tech-savvy customers, creditunions are innovating to compete with larger commercial banks and FinTech firms to attract and retain customers. The National Council of Firefighter CreditUnions (NCOFCU) agreed to work with web design firm OMNICOMMANDER.
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