NEW YORK—If you’re reading this story while scanning other headlines or even looking at another type of media, there’s a very good chance you’re not an “essentialist.” And an equally likely chance both your personal and professional lives are the worse for it.
CUPERTINO, Calif.—With the Apple Watch now officially in the market—albeit sold out for at least a month—for financial institutions the question isn’t when new inventory will be available but whether it marks the next major advancement in mobile payments.
ORLANDO—Credit unions have been offered a peek into what might lie ahead when it comes to regulator examinations of CUSOs.
NEW YORK---PSCU has introduced a “Playbook” for its member-owner credit unions designed to prepare them for the demands of the “digital shift.” Unveiled during the CUSO’s MoPRO meeting here, the Playbook is the culmination of a year of work by 16 credit union executives who were called “Possibility Makers,” and by PSCU itself.
NEW YORK—Barbara Corcoran turned $1,000 into a $2 billion real estate empire and worldwide fame. Along the way, she picked up five lessons she shared with credit unions at PSCU’s MoPRO meeting here.
RANCHO-CUCAMONGA, Calif.—When it comes to digital wallets, its their own wallets to which credit unions need to be giving the most attention. That’s because with hundreds of companies now in the digital wallet space and deals happening quickly following the launch of Apple Pay, one analyst is cautioning credit unions on just how critical it is to pay attention to the revenue structure of the digital wallet solution.
ORLANDO—Every credit union has a plan. So do most people. But to put what that really means into perspective, John Lass offers an observation from the great philosopher Mike Tyson: “Everyone has a plan, until they get punched in the mouth.”
ORLANDO—NCUA Vice Chairman Rick Metsger offered his thoughts during the NACUSO annual meeting here on NCUA’s FOM rules, guidance to examiners on MBLs, and whether the agency might seek a third point of view on its revised risk-based capital proposal.
ORLANDO—That the CUSO business model has been a boon to credit unions, both as individual CUs and the community as a whole, is clear. What is often less clear to many, however, is that not every CUSO proposed is based on solid business model assumptions.
RALEIGH, N.C.—The strategy for driving additional relationships with members remains through their checking accounts.
