Credit unions need to prioritize innovation to keep up with evolving consumer demands and industry product innovations, according to PSCU EVP and Chief Operating Officer Tom Gandre. Consumers are willing to move their accounts elsewhere to get the enhanced payments capabilities they seek, and credit unions cannot afford to put off innovation. The latest PSCU/PYMNTS…
The City of Bridgetown Credit Union, the second-largest credit union in Barbados, experienced a temporary shutdown due to an overload on one of its uninterruptible power supply (UPS) devices. The incident occurred at the main office on Lower Broad Street, causing power to all the online systems across its network to shut down around 11:30…
Credit union lenders are facing a less certain future and growing apprehension about the 2023 credit outlook. As CUNA economists explain, continued high inflation, tight monetary policy, and a slowdown in economic activity may point to a recession toward the end of 2023 or early 2024, albeit a mild downturn without substantial job losses. However,…
Canvas Credit Union has partnered with Total Expert to improve communication across their 33 locations, enhance member experience, and streamline loan officer workflows. Total Expert is a CRM and customer engagement platform that is trusted by more than 175 financial enterprises. The platform unifies data, marketing, sales, and compliance solutions to deliver the perfect customer…
California Credit Union has announced that it has been certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department’s CDFI Fund. This certification is available only to organizations that have proven they provide financial services and products in communities that have historically lacked access to traditional banking services. With this certification, California…
The North Carolina House of Representatives has passed House Bill 410, which aims to ease restrictions for credit unions in the state. The bill would allow credit unions to expand their membership and services, as well as increase their lending capacity. Supporters of the bill argue that it would help credit unions better serve their…
Allegacy Federal Credit Union has announced the opening of a new branch in Union County. The branch will provide a range of financial services to the residents of the area. The credit union has been expanding its reach in recent years, and the new branch is part of its ongoing growth strategy. The Union County…
Artists who are transitioning their hobby into a business need to maintain accurate books and records to make their activity profitable. Fortunately, there are accounting software tools that can help organize finances and present artists as professionals. Here are five low-cost or free accounting tools for artists: ZarMoney – cloud-based accounting tools for small to…
A side hustle can be a great way to earn extra income, but it can also cause problems if you’re not careful. One of the biggest issues is taxes, which can be a real surprise if you’re not prepared. That’s where a business bank account can help. Here are six signs that you need a…
Running a contracting business requires more than knowing the tools of the trade. A business owner must also track financials — including job costing, estimates, client invoices, and payments to suppliers — to stay both profitable and organized. Accounting software can help streamline this process for contractors by tracking cash flow and transactions, billing and…