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 [...]
Envisant, the business subsidiary of the Illinois Credit Union League, was honored to receive the 2024 Credit Union Service Organization (CUSO) of the Year award from the National Association of Credit Union Service Organizations (NACUSO). [...]
Envisant announces a groundbreaking partnership with Curql Collective opening the door for credit unions with assets between $100 million to $1 billion to jointly invest in transformative fintech. This collaboration addresses the increasing need for [...]
As a League-owned business subsidiary, Envisant is a for-profit organization that operates with the credit union philosophy of giving back to members and communities. For Envisant, with nearly 2,000 credit union customers across the [...]
Cambio, an AI startup backed by Y-Combinator, announced the launch of its new Credit Union Service Organization (CUSO), AviaryAI, the financial industry’s first outbound AI sales team. Backed by industry leaders, Envisant and Encurage [...]
The Illinois Credit Union League (ICUL) announced today the selection of ten winning credit unions and three leagues in the Giving component of the July 28, 2023 #ILoveMyCreditUnion campaign. The #ILoveMyCreditUnion campaign brings the collaborative [...]
Envisant has partnered with McQueen Financial Advisors to help credit unions access customized advice and reporting solutions critical to maintaining healthy liquidity and earnings while managing risk. As an SEC registered investment advisory firm, McQueen [...]
Envisant has partnered with Nickels to connect credit unions with a robust, personalized credit card management tool that enhances the member experience and improves credit card health. Building industry partnerships is one way Envisant expresses [...]
