Fintech

In the search for non-interest income, credit unions should be paying closer attention to payment protection products, according to Karim Habib, director of lending for CUNA Mutual Group.

"ATMs on steroids" are one strategy for driving non-interest income, especially for those involved in shared branching, according to CO-OP Financial Services.

Credit unions must start devising strategies to increase debit interchange transactions.

Credit unions should consider rethinking their deposit processing model, according to Curtis Hallowell, VP-product management for Cummins Allison Corp.

There are four opportunities for credit unions to improve non-interest income, according to Jerry Nissen: adding value to free services, offering small business services, increasing fees for existing services and growing membership.

Many credit union members need financing for medium-ticket expenditures, and Kyle Kehoe believes CUs can help these consumers, book a loan and generate fee income, all at the same time.

PIN-debit networks, wary of how U.S. adoption of the EMV chip-card standard may affect their operations, are taking action.

Texas Trust Credit Union is helping school districts and making itself more money with each swipe of its Spirit Debit Reward card.

Buoyed by growth in the number of active cards, Green Dot Corp. reported first-quarter earnings of $17.1 million, up 35% from the same period a year earlier.

Western Union Co. plans to use its prepaid cardholders' transaction data to offer discounts on funds transfers and bill payments.