MILWAUKEE—New product and service innovations often get the attention of credit unions, but one company insists that 2016 is also a time to focus on the basics—membership growth.
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RANCHO CUCAMONGA, Calif.– CO-OP Financial Services has partnered with OpenIDEO on a “credit union engagement initiative” that is being supported by MasterCard.
WASHINGTON—Credit unions would benefit from adding a “chief simplification officer” to eliminate unnecessary complexity growing within organizations and getting in the way of doing business, says one change expert and author.
LAKE FOREST, Ill.—One economist is contending that most credit unions should rethink their approach to one-to-one member marketing and implement aggressive staff sales compensation programs that are on par with banks.
HOUSTON–As credit unions work through migrating their mag-stripe plastic to chip cards, they can’t overlook the deadline for transitioning their ATMs to EMV, reminds Dolphin Debit.
AUSTIN, Texas—CEOs all have strategies to guide the credit union through the year, but many fall into the trap of the “master strategist” and end up with less than stellar results.
HENDERSON, Nev.—When meeting someone new, the chance to make a first impression—good or otherwise—lasts a tenth of a second, says one analyst, who adds that for credit unions seeking new members the opportunity to win them over could also slip away just that fast.
HAUPPAUGE, N.Y.—Credit unions should continue to see strong auto loan growth in 2016—as long as they don’t simply focus on rate, asserts one analyst.
HOUSTON—In a digital world, the role of analog must still be respected, according to one analyst.
BIRMINGHAM, Ala./TALLAHASSEE, Fla.—LEVERAGE believes that too many credit unions are overlooking the growing the Small Business Administration (SBA) opportunity.