ST. PETERSBURG, Fla.–Poison's "Nothin' But a Good Time" blared from the speakers this morning as 300 credit union executives gathered to hear CSCU Senior Vice President of Finance & Technology Tom Davis talk about the future of emerging payments at the 2015 CSCU Solutions conference in St. Petersburg, Fla.
Introduced as "the Mick Jagger of payments" by the lead singer of an '80s cover band that kicked things off, Davis spent about an hour talking about where one of the credit union industry's biggest sources of revenue is headed.
The number of credit unions is dropping, he warned, citing predictions that there will only by about 5,400 credit unions by 2018. "Look around you; some of you might not be here by then," he warned. "You have to realize the value of your payment products."
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