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Credit unions are a vital part of America’s financial fabric, but their reach goes far beyond the 50 states – credit unions are in at least 118 countries and serve more than 274 million people around the world, according to statistics from the World Council of Credit Unions.

And though the 85,000-plus credit unions around the globe may have similar missions, when it comes to payments technology and operations, there’s a world of difference. Variations between European Union and U.S. credit unions, for example, highlight that. In an interview with CU Times, WOCCU Vice President of Advocacy Andrew Price detailed a few key differences, the advantages those differences create, and where the next advances in payments and data technology could come from.

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Tina Orem

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