"Those who believe that great rates and lower fees are the credit union difference, they are missing the point," she says.

Visa wants to make the process of paying for goods on your phone or iPad as easy as swiping your credit or debit card at an offline retailer.

The $966 million Arkansas Federal Credit Union in Jacksonville, Ark., said Rodney Showmar, its current vice president and COO, will president/CEO after current President/CEO Larry Biernacki retires on Aug. 4.

Learn how credit unions are responding to dire predictions about a potential student loan asset bubble.