Transformations in the mobile banking arena will be a hot topic among credit unions in 2012. According to Morgan Stanley, within five years, the number of mobile Internet users will surpass the number of desktop Internet users.
The debut of a new financial "university" by HarborOne Credit Union to serve low- and middle-income communities has received praise from Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee.
CO-OP Financial Services is now offering credit unions the ability to batch and electronically submit deposited checks for clearing at the branch level.
CO-OP Financial Services has added branch check capture.