Credit Unions Turn to Digital Wallets to Bridge Crypto Access Gap

Credit unions are confronting rising demand from younger members for access to cryptocurrencies, stablecoins and digital wallets, but many lack the custody, transaction-processing, security and compliance infrastructure needed to run a crypto business. A PYMNTS Intelligence report produced with payments firm Velera argues that wallets offer a lower-risk access layer. FinTech partners can provide specialized capabilities while credit unions retain the member relationship within their existing digital channels, though institutions remain responsible for vendor oversight and product suitability.

The report, cited by PYMNTS on July 23, 2026, found that only 7% of credit union members said their institutions supported crypto transactions, while 67% were unsure and 70% did not know whether stablecoins were supported. Among millennials, 54% expressed at least moderate interest in digital currencies. Wallet access lifted strong cryptocurrency interest from 31% to 35% and stablecoin interest from 5% to 12%. Velera separately projects Gen Z’s global spending will reach $12.6 trillion by 2030.