PORTLAND, Ore.—Credit unions need to use video more often in e-statements and also pay attention to how those electronic statements are being presented on mobile device screens.
THE boost
PALM DESERT, Calif.–What are the “five obsessions of innovators?” They are the keys to credit unions using creativity to drive growth and success and avoid the fate of the mapmakers of the world, according to one person.
MADISON, Wis.–The Filene Research Institute and the FINRA Investor Education Foundation have begun making available to credit unions free resources for setting up small-dollar loan programs.
SPOKANE, Wash.–Credit unions are consistently being told they need to know even more about their members. But one person said understanding non-members is equally critical.
AUSTIN, Texas–Mobile continues to be the channel driving the most engagement with financial consumers–especially for credit unions that have deployed a “quick balance” feature.
NASHVILLE—For credit unions that don’t have the time or expertise to get involved with investments outside of CDs, VolCorp says its online investment tool offers a solution.
ST. PETERSBURG, Fla.–By 2020, it is projected there will be more than 50 billion connected devices employed worldwide – or approximately 6.6 devices per person.
HANSCOM AFB, Mass.—Hanscom FCU is offering members a “one-stop shopping” solution for solar energy systems.
SUMTER, S.C.—One credit union has found that consumer demand for auto lending is not waning, as it just enjoyed one of its best auto loan promotions to date.
ARLINGTON, Va.—It’s a myth that the main competition for credit unions is other credit unions, according to one person.