DENVER – Credit unions are being offered additional strategies to gain more of their local mortgage markets.
THE boost
DENVER—By 2017 digital account openings will equal those that take place in the branch, another sign that mobile is growing fast. But this acceleration is drawing the attention of fraudsters, who are stepping up their focus on smartphones.
DENVER —In a culture and market in which entrepreneurialism is increasingly prized (and attempted), one person is urging credit unions to get involved.
DENVER–One analyst who believes NCUA oversight over third party vendors is inevitable is encouraging credit unions to drive the process rather than letting regulators do so.'N
DENVER–Low-overhead and low-rate online lenders, combined with new entrants into the financial services space such as Google, are elbowing in on CUs’ core business, forcing credit unions to rethink their approach to lending, assert two analysts.
DENVER–An initiative launched by the Federal Reserve isn’t just reflective of a trend affecting credit unions in the United States, it’s part of a much broader macro-trend with implications for CUs around the world.
DENVER—Babu Markus Gomes, president of Dhaka CU in Bangladesh, traveled to Denver hoping to learn the key reasons behind how U.S. credit unions are driving growth.
DES MOINES, Iowa—Some credit unions may be holding back on converting the card base to EMV due to concerns that the new payment method could mean lower interchange revenue.
IRVING, N.Y.–Stephen Scott wants to become an evangelizer for credit unions, and the groups he would like to preach the cooperative word to are American Indian tribes in need of better access to finance.
MONTREAL, Quebec—Should a credit union convert its card base to EMV and choose to go with chip and signature out of the gate, it should be prepared for the membership, possibly within a year, to ask for chip and PIN.