RANCHO CUCAMONGA, Calif.–Just offering a traditional menu of products and services increasingly doesn’t cut it with consumers, according to one person, and the coronavirus pandemic is only accelerating consumer preferences away from that model.
Fresh Today
RANCHO CUCAMONGA, Calif.—The COVID-19 crisis is changing the way consumers interact with payments, and only putting new emphasis on the need for credit unions to respond strategically, according to one person.
CHICAGO—Five years ago, Alliant Credit Union went through the kinds of significant changes facing many CUs now as a result of the coronavirus pandemic, and as a result is offering some advice and strategies.
YORK, Penn.–Two Pennsylvania credit unions are merging. The $86-million White Rose Credit Union said it will be absorbing via merger the $1.9-million Local 229 IBEW FCU, which had approximately 500 members.
BOCA RATON, Fla.–New data has been released offering an update on the health of millions of small and mid-sized American businesses.
HALIFAX, Nova Scotia–Canada and its provinces are also offering small businesses financial assistance as the result of COVID-19, and credit unions are participating in the various programs.
WESTPORT, Conn.–The average ransom paid by victims in ransomware attackers reached $111,605 in the first quarter of this year, up 33% from the previous quarter, according to new data from ransomware incident response firm Coveware.
DES MOINES, Iowa – Coopera is hosting a webinar on May 13 to provide credit unions with insights on why underserved members are drawn to predatory loans, which is likely to be a growing issue as unemployment rises during the pandemic.
ALEXANDRIA, Va. – NCUA has approved counting qualified service members who live on military bases at home and abroad when designating a low-income credit union.
WASHINGTON—Savings growth outpaced loan growth again in March, resulting in an average loan-to-share ratio of 81.65% in March down from 82.12% in February, according to CUNA’s latest Monthly Credit Union Estimates.