For Nathan Muniz, government relations and public relations manager at PSECU, the continued vitality of the credit union industry rests in activism and the legislative process.
Forget the debate over whether or not a credit union should keep offering free checking accounts, there are signs credit unions may eventually have to decide whether or not to charge their members fees for holding deposits.
Since the earliest days of American history, concerns about tax policy have prompted individuals and groups to express their opinions, sometimes in dramatic ways. The Pennsylvania State Employees Credit Union has never dumped tea into a harbor, but its political awakening began when Congress considered imposing taxes on credit unions.
The 370,000 members of Pennsylvania State Employees Credit Union (PSECU) and more than 10 million members of credit unions served by
Pennsylvania State Employees Credit Union and CU*Answers said they have committed to the Firethorn mobile banking platform.
Three law firms representing credit unions and other card issuers with litigation pending against Heartland Payment Systems are urging card issuers to reconsider signing on to the offer.