The future of digital wallets is uncertain and the earlier predictions of quick market adoption may have been proven wrong, according to some experts and credit unions using the technology.
Technology writer Robert McGarvey in this week's column holds forth on why tablet apps will become a necessity, not a luxury.
SNL Financial tracking firm says total loans were $27.48 billion then, $41.64 billion in second quarter 2012.
After 26 years at Digital Federal Credit Union, Thomas Ryan heads to Virginia, where he will succeed Jean Yokum, who has spent more than 55 years at the $1.7 billion, 165,500-member Langley Federal Credit Union.
Thomas Ryan, 26-year employee of Digital FCU in Massachusetts, takes over for CEO Jean Yokum after 55 years at Langley FCU in Virginia.
Digital Federal Credit Union in Marlborough, Mass., said it is the first reported credit union to process more than $1 billion in remote check deposits from individual consumers.
Add Michael Ambrose, president/CEO of USAlliance Federal Credit Union, to the growing list of credit union leaders announcing their retirement.
Defying the trends, several credit unions have experienced double-digit loan growth.
Add Michael Ambrose at USAlliance FCU to the list of credit union leaders announcing their retirement this year.
DCU provides $1.99 a gallon gas at Worcester station, combining savings with donations to Red Cross for tornado relief.