Author: Denise Wymore

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NetGiver Wins Again!

Every win for NetGiver is a win for charitable organizations nationwide!

The Next Big IdeaThe charitable giving platform, NetGiver, won Best of Category for Non-Commercial Video with its lighthearted animation, Captain Credit Union VS the Big Bad Banking Bandit. Watch it here: my.netgiver.app/Diamond2021

This award comes on the heels of the 2020 TEKNE Award, sponsored by Minnesota Technology Association and the Next Big Idea competition sponsored by NACUSO (National Association of Credit Union Service Organizations), making this the latest honor of 3 in 7 months. Each of these awards makes it clear that the NetGiver vision is inspired and timely.

This latest nod to NetGiver’s creativity was awarded by CUNA Councils which held its Marketing & Business Development Council Diamond Awards (virtually) between April 12th and the 15th. Accepting for NetGiver was the company’s President and Co-founder, Eric Berg. “At NetGiver, we believe that credit unions are superheroes, and they continue to do amazing things in their communities. We couldn’t be more proud to be a part of that!”

Captain Credit Union may appear to be a minor superhero, but he does a fine job representing the strength, reliability, and imagination we want to believe our financial institutions consider integral to their mission. NetGiver is strong evidence that credit unions have their members’ best interests in mind, as well as the best interests of the greater community.

NetGiver’s next exciting contribution to the combined community of credit unions and charitable giving is their newly created podcast – Imagine the Difference. The introductory episode is available now at: www.netgiverapp.com/podcast, and is hosted by Patrick Martin and Noelle Bartlett, members of the NetGiver team. Be sure to listen, and catch all of the stories of credit union superheroes.

Once again, through NetGiver, every dollar donated lands in the hands of the intended charitable organization. No deductions. No kidding. Imagine the difference.

About NetGiver

NetGiver is a Minneapolis based Credit Union Service Organization (CUSO), founded in 2019. NetGiver is provided to members by their credit union as a secure and easy-to-use mobile app, where individuals make safe, secure, and direct donations. Using NetGiver, members make donations to any nonprofit nationwide, anytime and anywhere, fee-free. Donations made through NetGiver are given freely and fully, with no cost to the credit union member and 100% going to the nonprofit of choice. To learn more about NetGiver, visit www.netgiverapp.com.

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PSCU’s CU Recovery Collects More than $3 Million on Behalf of Credit Union Clients, Setting New Record in March

CU Recovery, a PSCU company, recorded a record-breaking month in recoveries for its more than 850 credit union clients by collecting over $3 million in charged-off debt in March.

A full-service collections agency, CU Recovery is dedicated to maximizing recoveries on charged-off loans exclusively for credit unions. For more than 30 years, the company has worked with credit union members to resolve their debts, keeping a close pulse on economic, business and credit cycles, as well as changes in the regulatory environment.

“Overall, our goal is to focus on being there for our clients and their members as they adjust to evolving circumstances or events, and this rang even more true during 2020 as we collectively navigated the COVID-19 pandemic,” said Jack Lynch, chief risk officer at PSCU and president, CU Recovery. “One silver lining of the pandemic is consumers’ spending habits were forced to change when businesses and activities shut down. With the addition of stimulus checks, more people were able to begin paying off their debts. As we begin to look toward a post-pandemic world, we want credit unions and their members to know they have a trusted partner to assist them in resolving their obligations.”

The banner month of recoveries ultimately helped CU Recovery’s credit union clients fully recognize the expected return for the initial credit risk taken. When partnering with CU Recovery, not only do credit unions gain more recoveries, which results in better returns, but they also receive a member-focused and compliant partner to assist them in recovering charged-off debt, which is always a function of lending.

Continue reading PSCU’s CU Recovery Collects More than $3 Million on Behalf of Credit Union Clients, Setting New Record in March

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PSCU Launches Monthly Payments Index to Track Consumer Behavior and Payments Trends

PSCU, the nation’s premier payments credit union service organization (CUSO), has announced the launch of the PSCU Payments Index, the next evolution of the CUSO’s successful consumer payments trend analysis. In this new monthly publication, PSCU will provide its credit unions and the broader market with timely data, analysis and thought leadership to help make informed, strategic decisions.

As the economic impacts of the COVID-19 pandemic have surpassed the one-year mark, year-over-year performance trends are now influenced by the significant shifts in consumer behavior experienced over the past year. Following the success of PSCU’s Transaction Insights, a weekly analysis comparing year-over-year transactions from its Owner credit union members to identify the impact of COVID-19 on consumer spending and shopping trends that was published from March 2020 through March 2021, the new monthly PSCU Payments Index uses 2019 purchasing history as a baseline comparison for 2021 results, as well as a comparison to 2020. This three-year view provides both a pre-pandemic comparison and insight into how consumer behavior continues to evolve since the impacts of 2020.

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