In my thirty years of forming credit union collaborations, I have come to see common lessons, especially in multiply owned CUSOs providing one or more back office operational services. I examine twelve of those lessons in these types of CUSOs. (more…)
Unfortunately due to the events surrounding the coronavirus, the 2020 NACUSO Network Conference, originally scheduled in April has been cancelled. As we all navigate the ever-changing reality of our day to day work and personal lives, our first thought is for the safety and well-being of our members, partners, staff and conference participants. We will be sending information this month with information to all conference participants with updated information and options regarding the next steps. More details as they become available will be on our conference website at https://www.nacusonetwork.com.… Read more
The 7th annual Next Big Idea winner is Zogo Finance. Bolun Li, Founder of Zogo began his presentation by asking the attendees to raise their hand if they had teenagers, now or in the past. And then he did an amazing job explaining to a room full of parents how his product can both educate and motivate teenagers. A daunting task to be sure. Zogo received 55% of the audience’s votes to claim the victory. Click here for photos and to watch his post-victory interview with Mike Lawson, CUbroadcast.
Click here to see photos and read about who the winners of this year’s CUSO of the Year and New CUSO of the Year Awards were.
P2P Payments Will Keep Members Transacting Remotely, Safely and Securely
The ongoing need for physical distancing and remote working – and the limited ability of members to transact in-person – is making the adoption of person-to-person payments by credit unions more essential than ever.
To support members with their distance banking needs now and in the future, CO-OP Financial Services is announcing today it is partnering with Zelle® to offer P2P payments to credit unions in the CO-OP ecosystem.
Client institutions need only have CO-OP account-based technology in place and have the ability to offer Zelle within their mobile banking solution to get started. The CO-OP account-based technology represents a key differentiator, as it is already widely supported in the credit union marketplace by thousands of institutions and all major core processors. This positions CO-OP clients for fast, successful implementation.
“One of the biggest benefits of Zelle to a credit union is the potential it offers to support members as they increasingly rely on P2P payment technology to complete a variety of daily financial tasks,” said Bruce Dragt, Chief Product Officer for CO-OP. “Zelleoffers the day-to-day features members need and prefer to send and receive money, including fast funds availability.”
Three Credit Unions Now Live with Zelle Through CO-OP, 15 More Already Signed Up
CUSO to provide debit processing services after successfully supporting credit union’s credit card program for more than 10 years
PSCU has announced it has expanded its relationship with Cardinal Credit Union (Mentor, Ohio). In addition to support services for credit, the nation’s premier payments credit union service organization (CUSO) will now also provide debit processing support for the credit union.
Cardinal Credit Union selected PSCU following a comprehensive review process. The credit union established multiple criteria for its search, including service and staff efficiency. Cardinal Credit Union wanted a partner with consistent, professional and effective staff that would bring forward ideation and keep the credit union at the forefront of opportunities. As an organization that could integrate seamlessly with its core provider and develop a road map for future integration to the core and mobile, PSCU was the ideal fit.
“PSCU has provided Cardinal Credit Union with support on the credit side for more than a decade.… Read more