Fifteen credit unions are betting the time is right for a credit union centric digital wallet. That’s why they threw their weight behind startup CU Wallet, the brainchild of Paul Fiore, founder of Digital Insight, and Kirk Drake, CEO of the Hagerstown, Md.-based CUSO Ongoing Operations.
Agreement will allow homeowners to add solar systems to residences.
Massachusetts credit union was early adopter of remote deposits, has now processed more than $1 billion so far.
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.