PSCU CEO: The Quiet Power Of Credit Unions’ 100M-Member Network

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Credit unions can be easy to overlook and underestimate — individually, they generally don’t have a massive amount of assets, their membership bases are often pretty small and more localized, and on average their rate of credit card penetration among members is pretty small: 15 to 17 percent on average.

But, as PSCU President and CEO Chuck Fagan told Karen Webster in a recent conversation, looks can often be deceiving when it comes to credit unions, because while they may be small alone, in aggregate they pack quite a punch. As of today, there are over 5,000 credit unions in the U.S., collectively representing 100 million members and holding over a trillion dollars in assets.

Moreover,

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