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CU Wallet is a Credit Union Service Organization (CUSO) that combines proven entrepreneurial talent with credit union ownership to offer a comprehensive, industry-wide, winning mobile payment solution.
Dennis Pierce, CEO of Community America Credit Union
“CU Wallet provides credit unions across the country the opportunity to not only stay competitive, but to potentially leap ahead of other financial institutions. We’ve seen significant mobile adoption at CommunityAmerica, and we believe mobile wallet adoption is in the near future. Credit unions must be at the forefront of these emerging technology solutions to ensure future growth.”
Keith Sultemeier, president and CEO of Kinecta Federal Credit Union
"The CU Wallet platform makes collaboration easy and efficient, but still allows credit unions to tailor the member experience. I am proud to be a part of this movement, working with my peers to launch a mobile wallet solution that meets the needs of credit unions, and most importantly, better serves our members. Having a singular platform is advantageous to merchants, giving them the opportunity to reach a large pool of consumers through a trusted, secure channel. I also believe that in a crowded, fast-moving sector, it’s important to have an experienced technology veteran like Paul Fiore on our team."
Tim Smith, senior VP and CFO of Workers Credit Union
"CU Wallet is leading the way for credit unions to be successful in the next chapter of mobile banking. This recent milestone further validates the value of collaboration in our industry and moves us closer to the critical mass required to take control of our future as it relates to mobile payments. The time has come to get off the sidelines before others start offering their technology to our members. CU Wallet gives credit unions a competitive advantage, equipping the industry with the necessary tools needed for long-term success."
Paul Parrish, EVP and CFO of One Nevada CU
"I am pleased to see how many credit unions have joined the CU Wallet initiative. The future of the credit union movement is dependent on how successfully we adapt to the ever-changing mobile environment. CU Wallet is the only solution that will function completely in the credit union’s interest in terms of providing functional value for the members, new revenue opportunities to offset diminishing interchange, and most importantly, assurances for continued member loyalty."
John Worthington, EVP of Security Service Credit Union
"CU Wallet will be key in helping the credit union broaden its appeal."
Jean-Albert Maisonneuve, VP of Marketing and e-commerce, Affinity Federal Credit Union
"The big banks obviously are going to do something. Credit unions need to start making decisions. A mobile wallet may be the way to unlock new revenue streams, particularly from ads and offers. If you are hanging your hat on interchange, you are in trouble. Affinity Federal Credit Union has aligned with CU Wallet."
Chris Gardner, co-founder of Paydiant
"The mobile wallet is about a lot more than payment. That’s important, but the real opportunity for banks, credit unions and retailers is in targeted offers, customer retention, new services and new revenue sources. That’s why it’s so important to control this touchpoint. Working with Paydiant, CU Wallet provides credit unions control, and a real and tangible service advantage that appeals to members, enhances loyalty and increases new revenue opportunities."
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