Thank you for tuning in to The CUInsight Network, with your host, Lauren Culp, President & CEO of CUInsight. In The CUInsight Network, we take a deeper dive with the thought leaders who support the [...]
Credit unions, with their long-term focus on providing accessible and affordable financial services, have played an important role in financial inclusion from their inception. Still, many people continue to face financial challenges that keep them [...]
The U.S. prepaid market is expected to expand at a 10.5% CAGR by 2028, showing that prepaid cards are a classic that continues to stay on trend (Yahoo! Finance). The popularity and versatility [...]
There's a magic that happens when a movement comes together in unison. On social media, it manifests as a trending hashtag, a wave of shared stories, and a collective energy that captures attention. For credit [...]
While credit cards are not often associated with financial wellbeing, their many benefits can help members reach important financial goals. Credit unions, with their characteristically low interest rates and fees, are already in a strong [...]
As consumers increasingly use their credit and debit cards to shop online, fraud concerns continue to rise. Proactive action against potential threats is an important part of nurturing member trust. Combining multi-layered security measures with [...]
One third of credit unions see fintech firms as their primary market competitor. Indeed, the innovative, digital nature of fintechs has helped them keep pace with changing consumer demands and provide convenient financial services people [...]
In 2023, American credit card debt broke records, increasing beyond $1 trillion (Boston Fed). As cardholders deal with increasing levels of debt, many are looking for more cost-effective options. This presents an opportunity for credit [...]
Fourteen percent of U.S. households are underbanked according to the FDIC’s most recent National Survey of Unbanked and Underbanked Households. The FDIC describes the underbanked as those who use transaction and credit services [...]
In 2023, 34% of financial institutions with assets at or under $5 billion saw a growth in debit/prepaid fraud while 56% of larger institutions also witnessed an increase (PYMNTS). The impact of compromised cards [...]
More than half of consumers identify debit as their card of choice, reflecting a continuing trend in online and contactless spending since 2020 (SP & Global). To make your credit union’s debit card top [...]
In 2023, debit cards were the top payment method for 57% of consumers according to Forbes. The popularity of debit cards presents an opportunity for credit unions to build member loyalty and improve their revenue [...]
“Financial Well-being for All is the subtle, but fundamental shift in the credit union promise to amplify what credit unions have always done better: ensuring everyone has complete, affordable access to financial services.” – CUNA/America’[...]
Credit card use is on the rise, increasing from 18% of payment methods used in 2016 to 31% in 2022 (Federal Reserve). The way consumers use credit cards, however, is changing and has been influenced [...]
Over seventy percent of small financial institutions are experiencing an increase in fraud rates (PYMNTS). Fraud attacks are not only increasing, but they are also becoming more sophisticated. Even some old threats are being revived [...]
