BROOKFIELD, Wis.—Seniors are making good—and perhaps unexpected—use of online banking options, according to a new study.
THE boost
ST. PETERSBURG, Fla.–More than 450 credit unions are now participating in a new program that not only provides a steady stream of social media content, but which also offers new tools for dicing up that content, gets “fans” to push the content out themselves, and even speaks to the Holy Grail of social media investments by providing data around specific effectiveness and ROI.
DES MOINES, Iowa—Dual interface chip cards, where consumers can either tap-and-go or dip their plastic, are being ordered by issuers in greater numbers in the year since the October 2015 EMV liability shift took place.
DANVILLE, Va.—Branches remain a viable way to grow, asserts URW Community FCU, which has nearly doubled its assets and more than doubled the size of its loan portfolio since embarking on an office expansion effort in 2012.
NEEDHAM, Mass.—One credit union CEO says it’s hard to argue against the benefits of a low-overhead, almost virtual operation, as his own CU demonstrates, posting asset growth of 12% in 2015. It’s seeking to increase that figure to 15% this year.
BROOKFIELD, Wis.—A new study reveals that mobile phones are replacing checkbooks and fingerprint ID is trumping passwords.
ATLANTA—A new funding and liquidity option is now available to help low-income designated CUs actively manage their balance sheet and grow, giving LICUs access to an almost limitless source of deposits.
LAS VEGAS–A conference made up primarily of CU board members were told their credit unions would likely be better of if many of them didn’t return to the meeting in future years.
LOMBARD, Ill.—A new study indicates that FIs are making a mistake if they view—and serve—Millennials as a homogenous generation.
GRAND RAPIDS, Mich.—Xtend is working with credit unions to offer members a 0% loan designed to keep borrowers away from payday lenders.