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Innovative, flexible, fast to market – credit unions are uniquely well-positioned to provide the services businesses need to stay resilient amid high interest rates and looming economic uncertainty. Especially ripe for opportunity is the disbursements space, where many companies are scrambling to streamline their legacy processes and meet consumers’ demand for digital payment choices. By partnering with fintechs, credit unions can deliver cost-effective, modern payment solutions with a level of personalized service and agility that many big banks can’t match.

Eleven billion: that’s the number of non-payroll disbursements U.S. consumers received in 2021, according to PYMNTS. Only 17% of those disbursements were instant, representing a lucrative opportunity for credit unions to gain market share with payment experiences built for today’s fast-paced, digital-first lives. Through fintech partnerships, credit unions can deliver configurable digital disbursement solutions that replace traditional payment methods, such as checks, with more secure and efficient options. The possibilities are endless to combine credit unions’ strengths with fintech innovation, resulting in experiences that exceed recipients’ expectations while supporting businesses as they rise to emerging market challenges and opportunities.

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