CHICAGO—Credit unions are being urged to beef up their auto-decisioning systems to capture more lower-score auto loan borrowers as those folks come rolling back to the market.
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SAN CARLOS, Calif.—How important are fintech partnerships, especially in the payments space? One expert says if credit unions do not creatively pursue relationships with both upstart fintechs and huge players such as Google, they run the risk of diminishing their membership “one payment at a time.”
LONGVIEW, Wash.—One small credit union is reporting that in just a year it has been able to go from a shrinking loan portfolio to 13% loan growth, while boosting stagnant membership growth to gains of nearly 7%. And it has done so by blowing up boxes, both literally and figuratively.
DULUTH, Ga.—Driving diversity, equity, and inclusion (DEI) within the credit union community begins with people sitting down and talking with each other, says Tony Hernandez.
TACOMA, Wash.—It wasn’t that long ago within the credit union community that saying there was more work to be done when it comes to diversity, equity and inclusion (DEI) was considered to be “ugly words,” according to one person.
MADISON, Wis.–The nation’s small credit unions are a mixture of misconceptions over their performance and future and are more efficient than many believe, and yet they are also staring at challenges that are the result of their lack of scale and that will be the deciding factors in whether or not they have a future.
MADISON, Wis.—One credit union is forecasting that as the economy recovers from the pandemic many CUs will have little choice but to increase wages in the war for talent, adding it's a battle small credit unions will have a tough time winning.
PHILADELPHIA–There are few institutions that are as woven in and through the American fabric as credit unions, a truth that cannot just be held to be self-evident, but as July 4 is celebrated, can also seen in the names CUs use from sea to shining sea.
HOUSTON—The pandemic has changed how consumers think of ATMs and how credit unions need to promote them, according to one company, which said new technology is making ATM marketing a simpler process.
LAKEWOOD, Colo.–Credit union leaders have weighed in with their forecast for what a post-pandemic world will look like for credit unions, with views on when lending might return to “normal,” how their operations have been affected, and where they believe credit unions should be focused moving forward.