As nations begin to transition to cashless societies, eschewing cash and coin for digital payments solutions, CUSO Magazine’s Esteban Camargo wonders what credit unions’ role should be to their communities.
Many credit unions appear to be anxious for the National Credit Union Administration to issue guidance about how they may host a digital wallet and use other new technology to provide new services to their members, reports David Baumann of the Washington Credit Union Daily.
According to Kyle Karnes, mobile and online banking technology have made it possible to establish a completely virtual credit union from just about anywhere – even the North Pole. Is it time for your credit union to make the trek?
Are you closing the door on potential members by not offering an online membership opening process at your credit union? Kristian Daniel addresses why it’s not only beneficial, but why it might be becoming increasingly necessary to remain competitive.