Debit card rewards programs at credit unions will survive the coming downturn in debit card interchange, but they will have to change and broaden their foundations in order to remain a part of credit union programs and services.
An expansion of PSCU Financial Services' credit card collections service will increase the hours of calling and boost collections rates, the CUSO said.
PSCU Financial Services has expanded its credit card collections service to include automated calling during extended hours the CUSO said will help credit unions increase collections rate.
Credit union loan growth may be stagnating, but CU credit card portfolios continued to grow in second-quarter 2010, according to a card analytical firm.
What has the diminished role of corporate credit unions meant for CUSOs of natural person credit unions? The answer is some challenges but lots of opportunities.
The Fair Isaac Corp., the parent of the widely used FICO credit score, is emphasizing the ways some of its analytical tools can help credit unions and other card issuers better target their card offers.
KIVA Group Inc. and MeridianLink have aligned to give community and regional financial institutions the ability to expedite the fulfillment of service requests.
Overall credit union loan growth may be stagnating, but CU credit card portfolios continued to grow in the second quarter of 2010, according to a leading card analytical firm.
The U.S. Treasury Department's Community Development Financial Institutions Fund has announced it will make almost $13 million available to qualified community development credit unions.
With the NCUA beating the drum even louder lately to increase the member business lending cap, the regulator is still aware of the troubled loan portfolios that have plagued some credit unions.