Credit unions join forces to keep debit card costs under control
Co-Op Solutions, which represents more than 1,800 credit unions, used its scale to negotiate a favorable deal with the STAR Network.
Stay updated with breaking news from Cuj Feature. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Co-Op Solutions, which represents more than 1,800 credit unions, used its scale to negotiate a favorable deal with the STAR Network.
In February's roundup of American Banker's favorite stories: An international African American sorority enters the credit union market; a deep dive into the ideology behind banks giving out free pens; and a rising number of financial institutions are facing a tightening of liquidity and more.
Car loans are among the bread-and-butter products for credit unions, but slowing demand and growing delinquencies are putting some pressure on the category.
Executives have ramped up initiatives for educating members, staffers and directors on how to gain support from legislators.
The National Credit Union Administration would give tentative OKs to organizers of startups so they can secure enough capital for a final approval, Vice Chairman Kyle Hauptman says. Some industry observers describe the plan as a step in the right direction, while others complain more has to be done to foster new credit unions.