Fintech

NCUA data analyzed by NASCUS shows state-chartered CUs now hold nearly 50% of all industry assets and are growing at a faster pace than FCUs, but there is little difference between the two charters when it comes to many key performance metrics.

Large banks will soon launch Zelle, their person-to-person payments app. Will it succeed or will it be another name on a growing list of such platforms that never panned out?

The potential user base is huge. Tencent Holdings has 846 million global monthly active-user WeChat accounts, and more than 300 million have linked bank cards.

San Diego County Credit Union is reporting “positive” financial results for the third quarter of 2016.

The combined credit union will serve approximately 50,000 members with $335 million in assets.

Amazon.com has set the standard for e-commerce with fast delivery, invisible payments and many other perks that keep consumers coming back to its site. Increasingly, the e-tailer has been experimenting with ways to streamline the payment process outside of the trappings of its website.

We know some credit unions won't much like our story presenting the bankers' arguments on FOM and MBL, but ignoring them would be unwise.

Mobile app photo IDs have had mixed success, but Credntia's betting an overall spike in mobile technology will lead to robust use of its app.

Lawsuits can be costly and time-consuming for all parties, so many plaintiffs’ attorneys are now trying to win quick settlements for their clients by bombarding banks with letters simply threatening them with lawsuits. One plaintiffs’ attorney admits to sending 250 such letters a month.

The $15.7 billion-asset credit union gained 20,000 new members in the six-month period after it shed a $5 minimum-balance requirement on share accounts.