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Smaller FIs Weigh In on Mobile Financial Services

November 20 2018

in
Banks
Credit unions

“Fifty-five percent of the respondents reported that more than 20 percent of their customers were active mobile banking users. Surprisingly, 14 percent of the respondents indicated they have no plans to offer mobile banking services. All but one of the FIs that have no plans to offer mobile banking had assets under $500 million. These […]

Providers

Mass. credit union will serve recreational marijuana companies

September 17 2018

in
Credit unions

“GFA Federal Credit Union, founded in 1938 to serve French-Canadian immigrants and headquartered in Gardner, told the Globe Thursday that it’s ready to wade into the recreational marijuana sector, following a year of research and preparations. Other banks and credit unions have so far stayed on the sidelines, calculating that it’s legally and financially risky […]