SCOTTSDALE, Ariz.—Is it time for credit unions to downplay indirect auto lending and play up direct lending? One expert thinks so.
THE feature
LAWRENCEVILLE, Ga.—As the semiconductor shortage drags on and with expectations now that supply won’t return to normal until well into 2022, used car values should once again begin to climb, Black Book is forecasting.
KALAMAZOO, Mich.—The record-setting pace of credit union bank buys—five in a three-week period during August—has been spurred in part by the pandemic, says Michael Bell.
LAKE CHARLES, La.—Chad Miller is sleeping better since the credit union obtained almost $2 million in Rapid Response Program (RRP) funds this year.
By Ray Birch
NEW YORK—Reducing a credit union’s carbon footprint and increasing its business results through sustainability efforts are all about setting goals that make a difference—plus taking one key step—contends United Nations FCU.
ARLINGTON, Va.—All of the “back and forth” and even the competition between state and federal chartering systems over the years has been good for credit unions, says the outgoing president and CEO of the National Association of State Chartered CUs (NASCUS).
KALAMAZOO, Mich.—Even as several credit unions have already announced they plan to do so—with one CU telling CUToday.info it was no “overnight decision”—many credit unions will likely not move quickly to mandate COVID-19 vaccination as a condition of employment, says one expert. Instead, what’s likely ahead is enforcement of “vaccination light” policies.
BOSTON—It’s no secret the pandemic has fast-forwarded the adoption of mobile payments. But just how far forward? One expert believes it has brought closer the day when consumers will scan their arms over payment terminals—and someday even pay by thought.
MADISON, Wis.—Credit unions were paying up in 2020 to keep their executive talent, according to a new Credit Union Executives Society (CUES) study that reveals CUs increased CEO pay at a much higher pace than other businesses, including banks.
YUBA CITY, Calif.—As wildfires once again rage across California and much of the West, two credit unions in the path of the recurring flames say they have, unfortunately, become accomplished at dealing with these natural disasters.