KENT, Wash.--Driven by the need for scale to gain critical mass and stay on top of disruptive technologies, mergers will play dominant roles shaping the landscape of credit unions five years from now, particularly among very large credit unions, according to Glenn Christensen of CEO Advisory Services.
THE boost
WASHINGTON—For consumers who do not choose wisely a checking account can cost as much as $800 a year as the result of as many as 49 different fees, a new study reveals.
ATLANTA—It’s time to stop telling the CU/bank difference story and focus on the credit union’s local value proposition, insists one consulting and marketing firm.
ARLINGTON, Va.—Where will credit unions be in five years? CUToday.info is exploring that complicated question as part of a series we are calling Credit Unions 20/20. Below, NAFCU President and CEO Dan Berger offers his insights.
WASHINGTON, DC -- Scott Patterson reaches back to a credit union icon to define the practical steps a credit union should take to ensure its existence in 2020.
WASHINGTON—A new report released by The Pew Charitable Trusts finds that Americans’ debt has increased over the past three decades, due particularly to home mortgages and student loans, with important implications for long-term economic mobility.
HAWTHORNE, Calif. – SkyOne Federal Credit Union has created a new Learning and Development Department as is creating a comprehensive curriculum of workshops and career development paths for employees.
MADISON, Wis.— A new study finds a number of “troubling” statistics related to women and finance. The research from the Filene Research Institute, “The Gender Gap: Troubling Financial Capability Findings Among Women,” examines what the authors say is the unique financial challenges of women.
TAMPA, Fla.—Not only will CU pricing be impacted as credit unions evolve to remain competitive in 2020, but internal changes will need to be made as well—including restructuring departments to align with emerging products.
RANCHO CUCAMONGA, Calif.—What got CUs to where they are today won’t be enough in a future in which CUs will compete with many more emerging players, and not just banks, asserted Sarah Canepa Bang.