LAKE FOREST, Ill.—Consumers added 24.1 million new checking accounts in 2020, and credit unions grabbed a hefty share, a new study reveals.
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SCOTTSDALE, Ariz.–2020 condensed four years’ worth of financial services delivery change into one year, one analyst is asserting. And that has presented a challenge credit unions need to meet.
NEW YORK—What will the second round of stimulus do for the state of member delinquencies?
LOMBARD. Ill.—A continuing slide in member profitability illustrates the need for a sales culture within many credit unions, according to one analyst.
GREENSBORO, N.C.—Two more credit unions have allegedly been hit with ransomware attacks, a sign the crime continues to spread and target CUs, according to one security expert, who is further warning the attacks are becoming more “extreme.” That even includes blackmail attempts against individuals based on the stolen data.
LAKE FOREST, Ill.—It was a record-low year for overdraft revenue among FIs in 2020, reveals a new report that indicates credit unions are not just doing better than banks at responding to the slide but potentially setting up a record year for CU fee income in 2022.
MADISON, Wis.–Just how much the United States is lagging some countries when it comes to “open banking” was plainly evident during a webinar hosted by the World Council of Credit Unions.
ALEXANDRIA, Va.–When it comes to credit risk, credit unions were offered insights from NCUA on areas at which examiners will be looking, forbearance extension reporting, plans that need to be developed, and even the neighborhoods in which CUs might want to hand out their business cards.
SAN DIEGO—Having survived 60-mile-per-hour sidewinds that shoved his bicycle off the road and also having faced a mountain on a bike packed with 25 pounds of supplies, George Hofheimer last week said he had no thoughts of turning around and calling off his “epic adventure.”
DULUTH, Ga.–Four female credit union leaders shared their experiences, insights and advice on how women can advance their careers and those of others (and make the world a little better place) during a webinar hosted by the African American Credit Union Coalition.