How Credit Unions Are Playing David Against Industry Goliaths

2024 Credit Union Innovation Readiness Index

New PYMNTS Intelligence research finds a healthy percentage of credit unions with less than $1 billion in assets are innovation top performers, despite budgetary and resource challenges their larger peers may not have. PYMNTS Intelligence’s latest 37-page report, “2024 Credit Union Innovation Readiness Index,” a collaboration with Velera (formerly PSCU/Co-op Solutions), features 10 charts that explore the secrets of their success.

Inside the June Index
  • 54%: Share of CUs with less than $1 billion in assets investing in payments innovation to attract new members in the next three years
  • 97%: Portion of top-performing CUs that cite partnering with others is an important part of their payment innovation process
  • 28%: Share of the CU with less than $1 billion in assets that cite budget and resource limitations as their top challenges

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