From lingering pandemic-era supply chain issues, rising inflation, and ongoing Fed rate increases, to the war in Ukraine, tech company layoffs, and a volatile stock market, 2022 was a year to remember (and for many, [...]
As we turn the page on 2022, losses from fraud remain a significant threat for credit unions, their members and businesses. Consider that U.S. consumers lost a record $3.56 billion to online fraud [...]
By all accounts, 2022 was a year of accomplishment for both Co-op and the credit union movement. Credit unions have continued their strong growth in membership, with 5.7 million members added over the year [...]
Through the first half of 2022, U.S. credit unions opened 12 net new branches, adding to the net 46 branches opened in 2021. Meanwhile, U.S. banks closed 2,927 branches in 2021, a [...]
Lending products have long existed as bread-and-butter offerings for most credit unions. Even as the fabric of the financial services quilt becomes more colorful, consumer-friendly loans from people-centric lenders continue to play a very important [...]
The U.S. small business sector represents a huge and growing market opportunity for credit unions—one that is largely underserved by big banks and other financial institutions. Business credit cards can be a win-win, [...]
As we celebrate the season of giving, we are reminded of the amazing contributions credit unions make each year to their local communities. Once again in 2022, Co-op Solutions and its partnering credit unions have [...]
A strong holiday shopping season—along with emerging signs of a gentle landing for the economy – are buoying the spending outlook as we begin the new year. As expected, the Federal Reserve raised interest rates [...]
Joan Opp, President/CEO of Stanford Federal Credit Union, has been elected Chairperson of the Board of Directors of Co-op Solutions, taking office on January 1 and succeeding Benson Porter, who retired last month. “We [...]
In a year when the company rebranded as Co-op Solutions, the credit union movement’s leading payments and financial technology partner recorded a series of key achievements in service to credit union growth and member [...]
As shoppers navigate store aisles and online retailers this shopping season, many are cautiously spending, with an eye toward better days ahead. Jobs growth stayed robust in November, rising by 263,000 positions, virtually identical [...]
Co-op Solutions has unveiled a new industry white paper designed to help credit unions both plan and execute their own highly effective member-centricity strategies. An actionable blueprint created to integrate easily with strategic planning, the [...]
Mixed economic signals are leaving consumers feeling uneasy ahead of the holiday shopping season. Jobs grew by 261,000 in October. Although this represented solid growth, it was nevertheless the smallest monthly increase since December [...]
Heartland Credit Union has elected to greatly expand its partnership with Co-op Solutions, adding Debit and Full-Service Credit processing as well as ATM terminal driving to its existing participation in the nationwide Co-op ATM network. “[...]
