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Following losses in 2014, the $22 million-asset PCCU has turned a profit for the last two years and was in the black for Q1 2017 and will pay a $400,000 special dividend back to its members as part of the deal.
July 5
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IT work is getting more complex, and that's delaying revenue, according to Diebold Nixdorf.
July 5
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How two CUs of differing asset sizes brought card processing in-house to boost efficiencies and reduce costs.
July 5
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InstaReM plans to use the investment to accommodate rapid volume expansion.
July 5 -
Curve argues that as the number of cards in its app increases, the chances of choosing a wrong card for a payment become greater.
July 3
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Net interest margins are on the rise and banks have the green light to return more capital to shareholders, but commercial lending and consumer credit quality remain trouble spots.
July 3
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The Santa Rosa, Calif.-based credit union launched its in-house P2P payments service as part of an attempt to "wow" members and dispel the public's notion that credit unions lack the same sophisticated technologies as big banks.
July 3
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The credit union saw assets grow by 12.6 percent at the end of May, as it climbs ever-closer to the $5 billion-asset mark.
July 3
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Apple's plans to display a bright blue bar on iPhone screens when an application is monitoring the user's location may feel like a threat to location-based marketing. More likely, it is an overdue wake-up call for banks to improve their communication about the benefits of location data.
July 3
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New and used auto lending broke records, while HELOCs and second mortgages reached levels not seen since 2012.
July 3
