AUSTIN, Texas—Mobile banking sessions among businesses are longer than consumer sessions and they are typically conducted via Apple devices.
Fresh Today
LOS ANGELES—The California and Nevada Credit Union Leagues are joining with the Filene Research Institute to create the “REACH Innovation Group,” which will seek to “foster the development of new ideas and innovations for credit unions.” Sixteen CU leaders are being sought to participate, with a deadline for applications of Dec. 31.
MOUNTAIN VIEW, Calif.—A new report is suggesting credit unions are rushing to sign on with Apple Pay, with CUs comprising the majority of institutions enrolled with the new payments alternative, according to a website that purports to have a list of those institutions.
LAKE FOREST, Ill.—A new study of overdraft opt-in rates indicates that the higher the overdraft price the lower the opt-in rate—and that the bigger the institution, the higher the OD charge.
LOS ANGELES—With an eye on cutting expenses, three state CU associations are getting closer to launching a combined back office.
LOS ANGELES—Here’s a statement credit unions in this state and its neighboring Nevada would not have heard just a few years ago. “We have higher average ROA than the national average,” announced Diana Dykstra, CEO of the league that serves both those states. “We haven’t been able to say that for a while.”
Believe you’re not in the theater business? You are, according to Joe Pine, a former IBM executive who now leads a firm called Strategic Horizons and who keynoted the California/Nevada leagues’ annual meeting here with remarks aimed at getting credit unions to join the “experience economy.”
WASHINGTON–The Consumer Financial Protection Bureau has finalized a rule that allows FIs to post privacy notices online instead of distributing an annual paper copy.
WASHINGTON—CEOs at credit unions are seeing pay raises of between 3.7% and 4.6% in 2014, depending on asset size, according to research released by CUNA.
NEW YORK—Citigroup said that effective in January, 2015, it will enable its credit card customers to check their credit scores for free.