PORTLAND, Ore.–Three regulators, including one from NCUA and two state regulators, offered some insights into where they are focused.
THE boost
CHESTERFIELD, Mo.—It’s time for CUs to create a five-year strategy around the evolution their entire retail distribution network, and corresponding changes to back-office support.
MILWAUKEE—Competition in the financial services industry is only going to get tougher by 2020, especially as more non-traditional sources continue to offer expanded online alternatives, according to the La Macchia Group.
ORLANDO, Fla.–Credit union IT execs have been challenged by more than just rapidly evolving technologies and near-daily attacks by hackers: many have also transitioned from the waterfall model of software development to the so-called “agile” methodology.
ORLANDO, Fla.–Nearly all 101-million credit union members WANT their CU to assess their financial needs, to give them an annual “financial check-up.”
ORLANDO, Fla.–One credit union is proud to be putting the “cult” in culture—even if that includes embracing being weird. And it is now seeing the dividends coming in the form of new members, growth, and reduced staff turnover.
DES MOINES, Iowa—One expert sees the CU movement flourishing in 2020 due to a value proposition that not only withstands time, but strengthens over the next five years.
ST. PETERSBURG, Fla.–The processing and payments CUSO PSCU is owned by credit unions. Now it’s working to ensure those CUs know it wants to join with them in taking co-ownership of the success of their card programs, as well.
NEW YORK—State regulators are auditing credit unions here that provide taxi medallion loans.
MADISON, Wis.—There’s no question credit unions will play a strong and vital role in the financial services world in 2020, according to John Pembroke of the Credit Union Executives Society (CUES). But credit unions will only continue that role as long as they continue to invest in one of their greatest assets.