Fintech

GROTON, Conn.-Two credit unions that paid a year-end dividend based on members' relationships say an aggressive marketing effort should be part of the rollout.

GAINESVILLE, Fla.-Business lending at SunState FCU has grown by $21 million in the past two years to the point where the CU has reached its MBL cap, despite competition from much larger CUs in the region.

KALAMAZOO, Mich.-Member testimonials at Consumers Credit Union here are helping to drive membership up by 15%, averaging 675 new members a month in the three months since the ad campaign launched.

The Nigerian Postal Service, also known as NIPOST, has entered into an arrangement with the Central Bank of Nigeria to promote mobile banking.

In a first for India’s mutual fund market, Quantum Mutual Fund is supporting prepaid cards as an option for its investors for use when buying mutual fund units, Quantum Asset Management Co. Pvt. Ltd. announced earlier this month.

DURHAM, N.C. – Self-Help CU and Duke University are working with city officials on an initiative to redevelop Durham’s Southside neighborhood.

GROTON, Conn.-While several CEOs are stressing the importance of marketing year-end dividends and bonuses, others have also noted the tremendous challenge inherent in deciding how to best reward members.

How often U.S. consumers use their debit cards to shop each month increased last year, as did how much they bought, new survey data show.

This is the second in a series on JPMorgan Chase's delinquent credit card collections operation. The first article can be viewed here. Further coverage will follow.

NEW YORK – CUNA and NAFCU joined a broad coalition of card issuers this morning in a brief opposing a lawsuit filed by merchants claiming the Federal Reserve did not go far enough in capping fees on debit transactions last year.