This article published in The Credit Union Connection highlights the importance of expanding access to cash and provides strategies for doing so effectively. Despite the rise of digital transactions, cash remains valuable for several reasons. First, it offers privacy not achievable with digital methods. Second, it’s secure and safe, especially as fraud increases in other payment forms. Third, cash is crucial for the under- and unbanked populations, allowing them to participate in economic transactions. To enhance cash access, credit unions can shift to self-service options, transform branches, and extend access beyond physical locations. Strategies like ATM-as-a-Service and shared utility models help credit unions efficiently provide cash access while serving their communities.

Read the full article here.