(Originally Published on CUInsight) The speedy recovery of the debit market early in the pandemic is gaining strength. What’s fueling the popularity of debit cards and what does it mean for credit unions? Changes in Consumer Behaviors Shifts in spending patterns made during the pandemic
Congratulations to Vibrant Credit Union, U of I Community Credit Union, and Rock Valley Credit Union for making the Best Credit Unions to Work For 2022 list by American Banker!
Naperville, IL. July 27, 2022 – Envisant, a leading credit union service provider, has acquired Recovery Management Group (RMG), a credit union specific third-party asset recovery service. The addition of RMG to Envisant charts a course for continued commitment to the credit union industry.
Consumer reports of fraud losses to the FTC increased by 70% from 2020 to 2021 (FTC). Technology is the power behind many of these fraud attacks. According to a survey by ID Insight and About-Fraud, 65% of fraud-fighting professionals see fraudsters as having better tools and resources than themselves. Understanding the types and uses of this technology can help credit unions work better with their staff, members, and payment processing partners to defend against fraud attacks.
Phil Seely, Senior Director of Portfolio Development Originally published on CUInsight A credit union’s role to nurture member’s financial well-being is of the utmost importance in recent years. Providing products and services that meet all member needs, creating opportunities for financial education, keeping rates low, and value high
by Naomi Anderson, Vice President of Prepaid Originally Published on CUInsight While gift cards remain one of the most popular gifts to share for holidays and other special occasions, the latest trends surrounding gift cards go beyond this original use. The most recent trends focus on self-use, digital/mobile behavior,
By Phil Seely Senior Director of Portfolio Development Originally published on CUInsight Like bacon and eggs or mac and cheese, credit cards and rewards have become an inseparable pairing in people’s minds. According to a survey by The Ascent, a good rewards program is one of the top three
