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

PYMNTS

percent of credit card debt held by banks. Credit union-backed cards offer several advantages, despite their comparatively miniscule market footprints. 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

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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

Chris Myers, President & CEO, Citizens Business Bank – During a tumultuous time for West Coast banks, Myers kept his sights on being a top commercial relationship bank. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion.

Idaho 148
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Fintech Fundings: 26 Companies Raise $280 Million in 4th Week of June

Fintech Labs Insights

Digital bank startup. Pearl Capital. HQ: Minneapolis, Minnesota. Sentiment analysis for capital markets. Latest round: Unknown amount of new capital in Reverse IPO ($117 million value). Tags: Consumer, payments, debit card, deposits, mobile banking. Total raised: $59.3 Source: FinDEVr.

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Fintech Fundings: 186 Companies Raised $1.6 Billion in June

Fintech Labs Insights

D3 Banking. Banking platform. HQ: Minneapolis, Minnesota. Crowdforecasting future events for financial markets. HQ: Minneapolis, Minnesota. Tags: Consumer, blockchain, financial inclusion, unbanked, underbanked, banking, security, identity. Source: FT Partners. Latest round: $16.4 Total raised: $33.4

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