Many people face financial challenges that keep them from utilizing the full benefits of mainstream financial services. Prepaid cards address many of these challenges, which makes them a powerful vehicle for empowering people who are unbanked and underbanked.
The popularity and versatility of prepaid cards can provide credit unions with opportunities to expand their reach and build stronger member relationships. A knowledge of market trends can be combined with member insights to effectively market your credit union’s prepaid card program
Understanding how to effectively incorporate virtual cards into your credit union’s prepaid strategy is key to competing within the financial services market.
Last October, I joined over 120 credit union leaders, thought leaders, and subject matter experts in Newport Beach for three days of learning about the latest cyber threats and how to prevent them. If you’re on the fence about attending this year, let me give you a sneak peek into why CU Intersect 2024 is an event you absolutely can’t miss!
While credit cards are not often associated with financial wellbeing, their many benefits can help members reach important financial goals. Credit unions, with their characteristically low interest rates and fees, are already in a strong position to help members utilize the benefits of credit cards to support their financial well-being. Here are some steps to take to help your members make the most of their credit union-issued credit card.
In 2022, Northwest decided to switch to Pure IT, a credit union service organization that specializes in providing IT solutions for credit unions.
