The thing with fintech like QCash is we are genuinely excited to be working with credit unions. Their “CU mission” is clear, and we know how to help them achieve their goals and objectives.
It is comforting to know that we are partnering with a specific form of financial institution in credit unions that possess a number of inherent advantages compared to others. Members and account holders tend to view the member-owned credit unions as more trustworthy by reinvesting their money into the member and organization while not having to worry about figuring out all the subtle, sly ways executives could sap more account fees into their investors’ holdings.
The challenge with credit unions, especially the more established community organizations, is the potential threats and anxiety executives may feel from the pressure to innovate and adopt that “newfangled” technology everyone is talking about. Due to the original COVID-19 lockdown in early 2020, however, the credit union movement was forced to innovate much sooner than they may had planned to fulfill the remote banking demand members required to financially survive such a turbulent era in American history. And honestly, the movement is better for it.
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