|More from: | PYMNTS |||
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.
Read full article » https://www.pymnts.com/credit-unions/2018/pscu-security-fraud-digital-mobile-banking-tech/
About | PYMNTS |
PYMNTS.com is reinventing the way in which companies share relevant information about the initiatives that shape the future of payments and commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about “What’s Next” in payments and commerce. C-suite executives, company founders, and investors turn to it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It’s where the best minds and best content meet on the web. Innovations in payments and commerce have become highly intertwined. PYMNTS covers every aspect from retail reinvention to the Internet of Things.