The puzzlement on the part of some experts is thick. At the very time when some companies and community banks are rushing to put more of their data and applications into the cloud, some experts have noticed that, for the most part, credit unions are staying on the sidelines of...
Big data may be the phrase of the moment in marketing but, for some credit unions, it is already plumping up the bottom line.
Using two separate platforms for online banking and electronic bill pay services led to unnecessary hassles for the $1.3 billion American Eagle Federal Credit Union.
Time is money, and entrepreneurs never seem to have enough of both. This is particularly true for small business owners who can spend hours filling out a tsunami of documents to apply for government-backed loans. And when the exhaustive paperwork finally plods through an esoteric loan processing system, all small business...
Financial institutions around the world were recently frightened again by news of a massive attack that siphoned nearly $2.5 billion from commercial accounts held at multiple financial institutions in the U.S., Europe and Latin America.
More than 1,000 of the 219,700 members of the $2.3 billion Virginia Credit Union deposited a check using their smartphones in July, the Richmond, Va., credit union said.
Personal financial management specialist MoneyDesktop has bought a fellow Provo, Utah, company, mobile PFM specialist MoneyReef, the companies said.
The 51,900 members of the $747 million Texas Trust Credit Union in Mansfield, Texas, are now being offered mobile banking.
Creating and sharing, for sale, its in-house development work has earned the $3.4 billion Redstone Federal Credit Union the 2012 Model Bank Award from research consultancy Celent.
The 273,000 members of the $3.7 billion Patelco Credit Union in Pleasanton, Calif., can now deposit checks with their iPhones or Android devices.