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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

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CUs are known to work collaboratively, Kearns said, and Affinity received assistance from credit union service organizations and other CUs that had completed their digital shifts. “A And that’s really how we embarked on our digital transformation.”. Affinity had help with its transformation, too.

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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

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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.

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Branching Out: Physical Locations Boost CUs' Digital Plans

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The December edition of the Credit Union Tracker® explores the space’s latest developments, including how CUs are continuing to go digital and why credit unions’ can no longer afford to take wait-and-see approaches to digital innovation. Around The Credit Union Landscape.

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PSCU Finalizes Purchase Of Card Issuer Primax

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Payments credit union service organization (CUSO) PSCU has acquired payment solution firm Primax , according to a press release. Primax has been working with designing and providing services for payment card programs for credit unions for 40 years in the U.S. and the Caribbean, the press release adds.

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Credit Unions Tech Up For Competition

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In the latest PYMNTS Credit Union 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 mobile banking apps, for example) and how it’s effecting institutional survival odds now. Innovate or Die’.

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Anticipating The Consumer Spending Rebound

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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

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Taking A Data-Driven Approach To Meeting CU Members’ Banking Needs

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Credit union service organization PSCU is also among those adding new features to help make remote life easier for CUs and their members. The company has plans to further enhance its mobile services, including support for online card management tools according to a recent press release.