Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Mobile banking will help CUs reach Gen Y
ST. PETERSBURG, Fla. (9/16/08)--Financial Service Centers Cooperative (FSCC) and PSCU Financial Services have partnered to create a mobile banking solution so credit unions can attract and retain members of Generation Y. “A credit union that isn’t sure about offering mobile because of the expense or the technology can put those two concerns aside and get on with the business of serving members--Gen Y and otherwise--using mobile,” said Sarah Canepa Bang, FSCC president/CEO. The companies’ combined access to member data and the options of browser-based or applet solutions provides the credit unions with a robust banking solution, said Kenton Potterton, PSCU executive director of new product development. A recent study by the Deloitte Center for Banking Solutions indicates that 21% of consumers ages 18-34 use their cell phones for mobile banking, compared with 10% of the general population. Generation Y has more than 75 million members and collective annual income of $1.89 trillion. Gen Y’s earnings are expected to increase by 85% during the next decade to $3.5 trillion, exceeding Baby Boomers’ earnings by $500 billion, the study said. FSCC offers the credit union Shared Branch Network with more than 5,500 deposit-taking locations in the U.S. and overseas. PSCU Financial Services, headquartered in St. Petersburg, Fla., is a credit union service organization that serves more than 1,100 financial institutions nationwide.


RSS





print
News Now LiveWire
Better economic & #CU conditions,leading to higher rates in '15,'16, will boost CU earnings, asset quality,capital http://t.co/rmJvi3MIpQ
2 hours ago
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
7 hours ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
7 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
7 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
8 hours ago