Mobile banking has quickly taken on a key role in the growth strategies of leading credit unions.
Big banking tech companies recently have been hungrily gobbling up smaller companies and the question is, Will this consolidation continue? The other question, Is this good, or bad, for credit unions?
The announcement last month by Fiserv that it would acquire Open Solutions Inc. for roughly $1 billion, most of that in debt assumption, has sent some shivers through the credit union core processing world.
Market consolidation of core processing companies is not a good thing for credit unions.
Florida Hospital CU will run the system online, along with hosted online and mobile banking, archival and CU*Talk audio response systems, the company said.
They are DuPont Community Credit Union of Waynesburg, Va., and Wings Financial Credit Union of Apple Valley, Minn.
North Charleston credit union touts greater search functionality, new product pages.
Two credit unions have announced their intent to convert to the online banking platform from Online Resources Corp. of Chantilly, Va.
For more than a generation, plastic cards have been the de facto on-ramp to the payments highway. With the widespread adoption of smartphones and other mobile devices, how will the use of plastic cards change?
Wayne Tew, president\CEO of Clark County Union in Las Vegas, was elected chairman of the Nevada Credit Union League.