Fintech

Power Financial Credit Union, a $575 million institution based in Pembroke Pines, Fla., announced Monday that it will merge with the $43 million Ryder System FCU.

Pressure is building on financial services providers to develop more merchant-centric loyalty programs to fight declining interchange revenue, and U.S. Bank is testing one approach in Lawrence, Kan.

It’s rare to see much fanfare around the launch of a mobile banking app these days. But for the U.S. Treasury Department, this milestone signals it’s nearing the end of its long quest to modernize the delivery of federal benefits—even for consumers locked out of traditional banking systems.

About 40% the credit union’s six million members are millennials and represent the largest segment of the $75 billion institution’s membership base.

Second largest credit union in the nation now focusing on state league membership requirements; still not affiliated with Carolinas CU League.

The world of payments is changing, and a lot of that change results from the dedication of innovative retailers. Whether partnering with payment companies or going it alone, these brands are putting fresh ideas into practice.

RALEIGH, N.C. --Coastal Federal Credit Union in, has bought the naming rights to a major concert venue in its headquarters city here.

State Employees' Credit Union, the $31.8-billion behemoth based in Raleigh, N.C., announced it is re-affiliating with the Credit Union National Association, citing the organization's "new vision" and "new direction."

Royal Credit Union on Wednesday said it has entered into a definitive agreement to acquire Capital Bank, Saint Paul.

Two startups are working to educate millennials on the importance of credit and issue them small credit lines. Credit to young adults largely dried up following the CARD Act of 2009, which changed the way banks and others could market to the group.