CINCINNATI—Several factors are lining up now to raise greater interest in leasing, says one expert who believes incentives from automakers on used car leases could begin to emerge.
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BOULDER CITY, Nev.–Credit unions of less than $300 million in assets—which comprise more than 75% of all CUs—made clear during one online event they are not interested in being merged or acquired, but also expressed concerns over the number of challenges facing them while also discussing how they are responding.
KALAMAZOO, Mich.—Credit union purchases of banks are not only getting larger, they are beginning to increasingly reach across state lines, according to one person who believes the moves are strengthening both credit unions and communities but who also concedes the acquisitions will likely only draw more fire from the banking industry.
RANCHO CUCAMONGA, Calif.—Fintechs, once feared by credit unions simply for their speed in service delivery and appeal to younger people, are now increasingly a threat for a reason that has been the traditional wheelhouse of CUs—they are building trusted relationships with consumers, according the co-founder of one of the fastest-growing fintechs.
LAWRENCEVILLE, Ga.—Sky-high prices on new—and now used—cars are creating even greater long-term issues for lenders, according to two auto industry experts, who add they’re seeing car dealers do things they’ve never done before.
ST. PETERSBURG, Fla.—There’s another reason credit unions should be keeping their eyes on cryptocurrency, according to one expert– it may eventually affect non-interest income, especially from debit cards and ATMs,
ST. PETERSBURG, Fla.—There has been a dramatic acceleration in moving to contactless plastic during the pandemic, but are all credit unions on board with the shift? One payments expert says—surprisingly—a large number are not, and that has him concerned.
WASHINGTON–During testimony before a House committee, NCUA Chairman Todd Harper urged Congress to provide the agency with a number of new or permanent authorities, including oversight of third-party providers, noting that between 2008 and 2015 CUSOs alone contributed to more than $300 million in losses to the Share Insurance Fund.
CAMARILLO, Calif.—It’s never been more important to get the pricing and payment details right with online quotes for potential car buyers, says one automotive marketing firm, who cautions that doing otherwise—even if it’s a $50 difference in monthly costs—markedly increases the risk of the buyer walking away.
BOSTON—Request to pay, an emerging payments service in the U.S., is an opportunity credit unions can’t overlook, says one analyst, who cautions those that disregard the developing offering will likely lose business accounts.