A resurgent market and the popularity of credit union issued credit card is leaving issuing credit unions with the dual challenges, according to a leading executive with PSCU Financial Services.
Charles Fagan, chief sales officer for the payments CUSO, reported that credit union CEOs who have been meeting with PSCU leaders have emphasized their view that their credit card programs are among the places where they see growth opportunity in the mid to near term, but that there is a good deal of uncertainty about how best to manage the risks cards can pose.
Fagan and other credit union and CUSO leaders are attending PSCU's annual member forum.
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