Low-income households are the hardest hit by cost-of-living increases. For members who are credit challenged or struggling to stay ahead of debt, a debit card is a convenient solution to help them take greater control of their funds and meet daily budget goals while addressing debt.
Imposters are everywhere and difficult to spot, especially when they enter the digital space. What imposter tactics are these scammers using and what can your credit union do to combat them?
The speedy recovery of the debit market early in the pandemic is gaining strength. What’s fueling the popularity of debit cards and what does it mean for credit unions?
(Originally Published on CUInsight) The speedy recovery of the debit market early in the pandemic is gaining strength. What’s fueling the popularity of debit cards and what does it mean for credit unions? Changes in Consumer Behaviors Shifts in spending patterns made during the pandemic
Congratulations to Vibrant Credit Union, U of I Community Credit Union, and Rock Valley Credit Union for making the Best Credit Unions to Work For 2022 list by American Banker!
Naperville, IL. July 27, 2022 – Envisant, a leading credit union service provider, has acquired Recovery Management Group (RMG), a credit union specific third-party asset recovery service. The addition of RMG to Envisant charts a course for continued commitment to the credit union industry.
Consumer reports of fraud losses to the FTC increased by 70% from 2020 to 2021 (FTC). Technology is the power behind many of these fraud attacks. According to a survey by ID Insight and About-Fraud, 65% of fraud-fighting professionals see fraudsters as having better tools and resources than themselves. Understanding the types and uses of this technology can help credit unions work better with their staff, members, and payment processing partners to defend against fraud attacks.
