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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

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Credit unions (CUs) and other financial institutions (FIs) across the country have made leaps and bounds in their efforts to digitize services in recent years to meet an already-growing consumer demand. Headquarters Federal Credit Union, created to serve its employees.

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Credit Unions Tech Up For Competition

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With over 58 percent of customers saying they’re “extremely” satisfied with credit unions (CUs) and nearly six in 10 saying they would stick with their CU even if it didn’t have all the bells and whistles of bank tech that competitors do, the bond between members and CUs remain strong. Innovate or Die’. And Finally, Fraud.

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NEW REPORT: Millennials Raise Credit Unions’ Innovation Bar

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In a landscape that’s fast evolving to match the needs of tech-savvy customers, credit unions are innovating to compete with larger commercial banks and FinTech firms to attract and retain customers. Around the Credit Union World. It’s not just online experiences that are getting upgrades.

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Branching Out: Physical Locations Boost CUs' Digital Plans

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The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Around The Credit Union Landscape. It also offers participating CUs customized consulting services.

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

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The January Credit Union Tracker® explores the latest development in the credit union (CU) sector, including an examination of why it is so important for CUs to expedite their digital transformations and how they can help accommodate pandemic-induced challenges. 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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Taking A Data-Driven Approach To Meeting CU Members’ Banking Needs

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Credit unions (CUs) have had to shutter many of their branches or limit capacity alongside other financial institutions (FIs) to protect members and staff as the COVID-19 virus continues on. Around The Credit Union World. About The Tracker.