{"id":4126,"date":"2022-06-21T12:50:19","date_gmt":"2022-06-21T17:50:19","guid":{"rendered":"https:\/\/www.ncultheaffiliate.com\/?p=4126"},"modified":"2022-06-21T12:50:41","modified_gmt":"2022-06-21T17:50:41","slug":"research-shows-credit-unions-can-challenge-fintechs-via-payments-co-op-solutions-working-with-four-cus-to-do-just-that","status":"publish","type":"post","link":"https:\/\/www.ncultheaffiliate.com\/?p=4126","title":{"rendered":"Research shows credit unions can challenge fintechs via payments,  Co-op Solutions working with four CUs to do just that"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;]<\/p>\n<p style=\"text-align: right;\"><strong>Release Date: June 13, 2022<br \/><\/strong>Bill Prichard, APR, Director, P.R.<br \/>Co-op Solutions<br \/>(909) 532-9416, Bill.Prichard@coop.org<\/p>\n<p>Co-op Solutions has just made available the results of a joint research project it conducted in partnership with EY (formerly Ernst &amp; Young) and Filene Research Institute.<\/p>\n<p>Th findings are contained in the new white paper from <a href=\"https:\/\/www.co-opfs.org\/\">Co-op<\/a> titled, \u201c<a href=\"https:\/\/campaigns.coop.org\/research\/\">Co-op CU Growth Outlook: Bridging Member Needs and Payments Strategies to Deepen Trust<\/a>.\u201d The proprietary research looked at changes to consumers\u2019 financial behaviors and their preferences and activities, as well as the challenges faced by credit union leaders over the past year. The conclusions highlight an opportunity to meet member needs and ignite credit union growth through daily interactions, including payments.<\/p>\n<p>In recent weeks, Co-op has expanded partnerships with several of its clients, and will be working with them to help these credit unions meet the fintech challenge and grow their businesses.<\/p>\n<p><a href=\"http:\/\/www.coastal24.com\">Coastal Credit Union<\/a> of Raleigh, North Carolina, is adding Co-op Digital Card Issuance for debit and credit cards as part of an emphasis on digital-first for enhanced member experiences. Co-op Digital Card Issuance is part of Co-op\u2019s ongoing commitment to creating connected solutions that deepen credit union-member engagement through modern payments experiences. Read more <a href=\"https:\/\/insights.co-opfs.org\/media-relations\/coastal-credit-union-adds-co-op-digital-card-issuance-in-renewing-its-partnership-with-co-op-solutions\">here<\/a>.<\/p>\n<p><a href=\"http:\/\/www.trufcu.com\">TruChoice FCU<\/a> of Portland, Maine, has added Debit, ATM and Credit processing to its Co-op services. \u201cWe were working with separate vendors, and wanted to have a more holistic approach to our card offerings,\u201d said Ken Acker, CEO of TruChoice. \u201cBy partnering with Co-op for our Debit, ATM and Credit processing, we\u2019ll be able to gain back-office efficiencies and provide more services to members. The goal is to enhance the member experience through greater digital offerings and payment options.\u201d Read more <a href=\"https:\/\/insights.co-opfs.org\/media-relations\/truchoice-fcu-selects-co-op-solutions-for-a-more-holistic-approach-to-our-card-offerings\">here<\/a>.<\/p>\n<p><a href=\"http:\/\/www.ttcu.com\">TTCU Federal Credit Union<\/a> of Tulsa, Oklahoma, has entered into a new agreement for Full-Service Credit processing and related products and services within the Co-op payments ecosystem. Co-op Full-Service Credit combines analytics, fraud reduction, risk management and loyalty in a highly integrated, fully-managed card processing solution. Read more <a href=\"https:\/\/insights.co-opfs.org\/media-relations\/ttcu-federal-credit-union-positions-itself-for-future-of-payments-partners-with-co-op-solutions-for-full-service-credit-processing\">here<\/a>. \u00a0<\/p>\n<p><a href=\"http:\/\/www.genisyscu.org\">Genisys Credit Union<\/a> of Auburn Hills, Michigan, has added access to Zelle\u00ae and Co-op Insights Center to existing services provided by Co-op, including debit and credit processing, fraud and risk management, and ATM terminal driving. Read more <a href=\"https:\/\/insights.co-opfs.org\/media-relations\/genisys-cu-renews-partnership-with-co-op-solutions-adds-zelle-and-co-op-insights-center-to-existing-services\">here<\/a>.\u00a0<\/p>\n<p>More information about Co-op and its work on behalf of credit unions can be found <a href=\"https:\/\/insights.co-opfs.org\/\">here<\/a>.<\/p>\n<p><img loading=\"lazy\" class=\"wp-image-4128 aligncenter \" src=\"http:\/\/www.ncultheaffiliate.com\/wp-content\/uploads\/2022\/06\/coop.png\" alt=\"\" width=\"253\" height=\"58\" \/><\/p>\n<p style=\"text-align: center;\">-####-<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n  ","protected":false},"excerpt":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;0px|||||&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.4&#8243; _module_preset=&#8221;default&#8221;] Release Date: June 13, 2022Bill Prichard, APR, Director, P.R.Co-op Solutions(909) 532-9416, Bill.Prichard@coop.org Co-op Solutions has just made available the results of a joint research project it conducted in partnership with EY (formerly Ernst &amp; Young) and Filene Research Institute. Th findings are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/4126"}],"collection":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4126"}],"version-history":[{"count":0,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/4126\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}