BASINGSTOKE, England— Credit unions looking for both growth opportunities and to be aware of threats on the horizon will want to pay attention to a new study from Juniper Research, which forecasts the transaction value of instant payments will exceed $27.7 trillion in 2026, up from $4.8 trillion in 2021.
THE boost
LONE TREE, Colo. —Canvas Credit Union staged a new promotion offering members the opportunity to win a 2021 Ford Bronco Sport and $15,000 cash to help cover taxes, registration, and fees to anyone who opened a checking account at one of its two branches in Castle Rock.
SNELLVILLE, Ga.— Individual Tax Identification Number (ITIN) lending not only benefits immigrants, it’s also good business, say experts who note that despite perceptions, the loans actually see very low delinquencies.
OMAHA, Neb.–As credit unions continue to seek ways to help members financially, the results of a new survey indicate they may want to consider offering education and perhaps even products related to unpaid maternity lead.
DENVER–In conjunction with Colorado Day in this state, which honors the state’s birthday and is an opportunity for Coloradans to honor the state’s natural beauty, Westerra Credit Union sought to highlight its initiatives to boost energy efficiency and help preserve the state’s environment.
SAN RAMON, Calif.–Patelco Credit Union said it is making banking even sweeter at its new City Center Bishop branch by partnering with a Sprinkles bakery on a first-of-its-kind branch space.
TEMPE, Ariz. –TruWest Credit Union is reporting it has added a new feature for members with direct deposit: the ability to get their funds up to two days earlier at no cost.
COLUMBIA, S.C.–One small credit union here is looking to capture customers of Wells Fargo angered by the bank’s decision to exit the personal lines of credit business.
PASADENA, Calif.–Expanding its longstanding relationship with UCLA, Wescom Credit Union has been named the Official Banking Partner of the UCLA Alumni Association.
TROY, Mich.–Retail banks are finding what J.D. Power is describing as the “ultimate formula for customer engagement” in a service few customers ask for, but from which many could benefit: financial advice.