By Ray Birch
PLANO, Texas—Robust economic recovery may come sooner than most CUs expect, according to a forecast from Brian Turner, who believes auto lending will put the horsepower in the comeback.
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SAN DIEGO—Credit unions would be wise not to “phone it in” when it comes to educating members about sneakily sophisticated financial fraud tactics, according to one security expert, who is reminding it is easy to forget even the simplest security lessons that have been around for years.
BROOKFIELD, Wis.—Borrowing is becoming much more about self-service, and credit unions better pay attention to the shift in consumer preference as it likely means considering new credit card options, according to one analyst.
BOSTON—In a rare instance in which being a small credit union has its advantages over being large, one cybersecurity study reveals small shops may be doing a better job at protecting member data than the big boys—but all credit unions continue to have vulnerabilities.
DENVER—Supporting local school systems has been such a large part of one CU’s community relations efforts that it is willing to pay members $58.20 for each new account they open—for life.
LAKE FOREST, Ill.—Financial data from 2020 suggests the nation today is in “uncharted territory” regarding how the economy might turn in the coming years, including the possibility of another big economic downturn.
SANTE FE, N.M.—Skyrocketing home prices and an overheated mortgage market are not leading to another mortgage bubble like the one that burst in 2008, according to the economist who predicted the onset of the Great Recession—and its housing bubble—well before they arrived.
PLANO, Texas—Say goodbye to paying interest on checking accounts, says one economist, who predicts many financial institutions will either maintain the rock-bottom rates as the country emerges from the pandemic, or do away with the account altogether.
AUSTIN—Seeking to not only help the underserved but also to drive what it sees as much-needed collaboration within the CU community, University Federal Credit Union spearheaded what it is said is the first-ever CU partnership on a Habitat for Humanity home build.
GAINESVILLE, Fla.—The lessons card issuers learned from the Great Recession have helped to boost credit performance among U.S. consumers during the COVID-19 pandemic, according to one expert, who also cautions trouble may still lie ahead.