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Deep Dive: Why CU-Issued Credit Cards Face An Uphill Battle

PYMNTS

A CUNA study found that those from CUs typically offer lower interest rates than banks’ products, with the average for a credit union card coming in at 11.6 percent compared to banks’ 13.5 In fact, CU interest rates are capped by federal regulations. held that such rules could not be enforced against nationally chartered banks.

Cards 102
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2021 GonzoBanker Awards

Gonzobanker

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis.

Fintech 147
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The 2019 GonzoBanker Awards

Gonzobanker

The Ecosystem Award – Goes to Partners Credit Union for its collaborative member experience work with digital banking vendor Kony (now part of Temenos). The digital banking provider helped implement digital competitiveness against big banks that Partners sought. Good news, banks: We have customers.”.

Idaho 148