PYMNTS

JANUARY 26, 2021

President and CEO Chuck Fagan of credit union service organization PSCU said that while financial institutions (FIs) had forecast returns on assets (ROAs) would fall to 30 basis points in the new year, CUs have told him they are gaining confidence regardless.

Credit Union 110

Credit Union Contactless Payments Online and Mobile Banking Credit Union Service Organization 110

PYMNTS

APRIL 27, 2020

Credit union service organization (CUSO) PSCU compared the week ending April 19, 2020, to the same time frame in 2019 to discover what impact the coronavirus is having on consumer spending and shopping trends. People spent more money on consumer goods, with a 20 percent increase in debit card transactions.

Debit Card 60

Debit Card Credit Union Credit Union Service Organization Credit Cards 60

PYMNTS

JULY 25, 2019

A new report from payments credit union service organization PSCU revealed that its owner credit unions saw banner results from the promotional programs offered through PSCU’s Advisors Plus during the two-day shopping event.

Credit Union 66

Credit Union Credit Union Service Organization Advisors Debit Card 66

PYMNTS

MARCH 30, 2020

Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. percent year over year, with debit card incremental spend coming out ahead of credit cards by 3.5 The average credit card grocery transaction is higher by $11.41

Debit Card 56

Debit Card Consumer Credit Union Service Organization Credit Union 56

PYMNTS

MAY 18, 2020

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. The average debit card purchase amount rose 19.9 percent year over year.

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

PYMNTS

APRIL 21, 2020

In an interview with Karen Webster, Chuck Fagan, president and CEO of PSCU , a credit union service organization (CUSO), said that the impact to consumer spending will be prolonged, but the recovery will be swift and sharp — depending on where you look. Overall credit card spend was down 29.9

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

NOVEMBER 19, 2020

CU members stand to benefit greatly from such solutions, as the study reported that 51 percent them of them have had their identities stolen and 68 percent have been targeted by debit or credit card fraud. Some organizations are keeping members secure by partnering to provide the latest cutting-edge solutions.

Credit Union 91

Credit Union AI Credit Union Service Organization Authentication 91

PYMNTS

JANUARY 14, 2021

Payments credit union service organization (CUSO) PSCU reported 11.4 percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. Debit contactless transactions expanded to 17.1

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

DECEMBER 27, 2019

Though the sector is considered healthy and well-managed, credit unions and the CUSOs (credit union service organizations) that support them with tailored offerings face upheavals in the next couple of years. Strong balance sheets in key areas like credit card debt ($64.4

Credit Union 52

Credit Union Credit Union Service Organization NCUA Instant Payments 52

PYMNTS

AUGUST 28, 2019

That question served as the anchor for a recent PYMNTS discussion between Karen Webster and Brian Scott, chief growth officer at PSCU , one of the country’s premier credit union service organizations (CUSOs). First, credit unions are often too focused on avoiding risk (think delinquencies and similar matters).

Credit Union 62

Credit Union Credit Union Service Organization Credit Cards Consulting 62

PYMNTS

SEPTEMBER 30, 2020

Close to half of the credit union (CU) executives surveyed by PYMNTS earlier in the year expected credit card processing revenues to outstrip debit in 2020. Several months down the road, it’s a very different picture, as credit tightens and debit takes on an air of frugality.

Credit Union 56

Credit Union Credit Union Service Organization Issuers Credit Cards 56

PYMNTS

JUNE 3, 2020

Consumers are also rethinking whether they should be paying for goods with cash, credit cards or debit cards. Consumers must also consider whether it still makes sense to use credit when cash is tight, or if doing so will put them i nto debt that could become harder to pay off as job losses deepen. The CUSO observed a 28.9

Consumer 55

Consumer Debit Card Credit Cards Credit Union Service Organization 55

PYMNTS

DECEMBER 23, 2019

Credit unions (CUs) remain strong, despite the many challenges they face. 19 Statistical Release, “Consumer Credit,” recently found that CUs hold $64.4 billion in credit card debt and $382.9 million in debt, granting former debtors far more access to loans and other banking services.

Credit Union 52

Credit Union Credit Union Service Organization Credential Regulations 52

PYMNTS

JUNE 5, 2020

Consumers are … rethinking whether they should be paying for goods with cash, credit cards or debit cards. Consumers must also consider whether it still makes sense to use credit when cash is tight, or if doing so will put them into debt that could become harder to pay off as job losses deepen.”.

Debit Card 52

Debit Card Credit Union Service Organization Payments Credit Union 52

PYMNTS

FEBRUARY 13, 2017

They also tend to be focused a bit differently, with a focus on mortgages, credit cards and auto loans, specifically. The new automated branches — apart from being employee-free — are also smaller and more technologically decked out than their standard counterparts.

Automation 49

Automation Breach Credit Union Compromise 49