NAPERVILLE, Ill.—Credit unions have worked hard for their members to help them through the pandemic. Now, many are turning their focus to their communities to provide assistance—and a new effort from Alloya Corporate FCU aims to help them do that.
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LAKE FOREST, Ill.—Credit unions and banks have “blinked” in response Ally Bank’s move to eliminate its overdraft fee, according to a leading OD expert, who expects many more financial institutions will soon follow, with most reducing their price rather than eliminating the charge.
WASHINGTON– At the same time the CUNA-backed awareness campaign known as “Open Your Eyes to a Credit Union” is reporting robust growth in “consumer consideration” of CUs and website traffic, a CUToday.info analysis shows that in approximately half the states in which the campaign is running membership growth has been negative over the past year. But membership growth has not been what the initiative is about, according to one person, who said tools to help people join credit unions are now in planning stages and should debut next year.
ARLINGTON, Va.—With the banking industry zeroing in on the CU tax exemption with more attention than ever before, a new study from NAFCU seeks to quantify the value CUs return to consumers and the economy—a value the trade association says has been growing in recent years.
METAIRIE, La.—One credit union that believes Hurricane Ida was worse than Hurricane Katrina says a “postmortem” on the latest storm reveals the CU’s disaster recovery plan needs adjusting—and those changes are a direct result of climate change.
BOULDER CITY, Nev.–While employee resource groups (ERGs) are still relatively new to credit unions, one CU board member who is an executive with Xerox has shared experiences and lessons learned from that company’s long and pioneering history with ERGs.
BOULDER CITY, Nev.–One credit union that has always had some aspects of diversity, equity and inclusion as part of its core values said several factors have come together to really help it lean into DEI in 2021—including the creation of employee resource groups (ERGs).
BOULDER CITY, Nev.–While there are plenty of successes and internal and external payoffs to be found when it comes to DEI initiatives and the creation of employee resource groups (ERGs), those don’t happen without some challenges, beginning at the top of the organization, according to two veterans of the process.
BOULDER CITY, Nev.–A new abbreviation, ERGs, has been slowly but steadily finding a place in credit unions as a means of not just advancing DEI, but also playing a role in attracting and retaining new employees and helping credit unions grow new markets. But it takes work to get to the payoff, according to two veterans of the process, who have shared their experiences and lessons with credit unions.
TEMPE, Ariz.–While partnering with Costco Auto might seem like an indirect lending relationship, one credit union points out it is, in fact, a nice boost to the direct side of it business.