Virginia credit union buys SBA lender Park Place Equity LLC in Scottsdale, Ariz.
Eleven credit unions and banks now offer the online storage service to 1.2 million consumers.
Financial institutions still in the mix as digital wallet uptake evolves in fits and maybe starts.
Board chair says confident in disaster recovery CUSO. Creditor attorney says forced sale postponed.
LAS VEGAS—CU Wallet, the credit union-owned digital wallet solution, announced at the Money2020 conference it has contracted with Massachusetts-based mobile wallet developer Paydiant.
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.
The $2.5 billion Northwest Federal Credit Union in Herndon, Va., is among the latest to receive approval to become an SBA lender.
Two of three new board members are incumbents. Incoming chair is Teresa Freeborn of Xceed Financial.
Grayson Albers is the youngest business owner ever to open a business account at Northwest Federal Credit Union in suburban Virginia.
Suburban D.C. credit union joins others offering help if sequester occurs.