ATLANTA—A potent myth within the credit union community remains that Millennial members simply won’t come in to a branch.
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FOND DU LAC, Wis.—It’s a misconception among credit unions that government land agencies are antiquated and technology-challenged operations, according to one person.
BROOKFIELD, Wis.—It’s a “slur” that credit unions are slower to adopt technology than banks. In fact, credit unions often adopt technology banks won’t, just because it will benefit members, according to one person.
ONTARIO, Calif.—Major banks retreating from subprime auto lending is not a sign serious delinquency issues are ahead with low-FICO borrowers, according to CU Direct.
NEW YORK–Credit unions looking to duplicate the success Pentagon Federal Credit Union has had in the mortgage space might want to follow its rigorous internal meeting strategy.
TAMPA—There’s a misperception among credit union members—and even some credit unions themselves—that payments aren’t secure on devices using the “Internet of things,” according to one credit union service organization official.
ROYAL-OAK, Mich.—A period of branch expansion by banks that has now led to many of those same banks “rightsizing” their operations is opening up more opportunities for credit unions to buy “pods” of bank branches.
MUSKEGO, Wis.—There’s a better way of measuring bond returns than most credit union managers use, according to one person.
HAUPPAUGE, N.Y.—Are “myths” getting in the way of more credit unions entering the fast-growing leasing market?
DUBLIN, Ohio— Members of credit unions have some serious misconceptions about the industry, and some of those go straight to the heart of what credit unions are about, according to one person.