WHITTIER, Calif.–When one credit union introduced a new credit product to help consumers challenged by the pandemic-driven economic downturn, it learned a lesson itself in the process.
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ALEXANDRIA, Va.–More than a decade after the failure of five corporate credit unions, when any potential recoveries and distributions seemed so far away that many in credit unions wrote off their capital investments as a complete loss, more than $368-million is about to be distributed to more than 2,000 credit unions.
CARMEL, Ind.—The pandemic is leading more credit unions to employ AI-driven call centers, which is saving cooperatives time, money and boosting service ratings, according to one company
LEOMINSTER, Mass.–If the pandemic drags on longer than expected, one credit union is not ruling out handing its staff another round of $600 “stimulus checks.”
LOMBARD, Ill.—Credit unions’ attention may be on liquidity ratios as a new influx of stimulus checks are deposited, but what executives really need to be thinking about beyond the COVID crisis is leveraging the growth opportunities about to be presented by a resurgent economy, according to one expert.
RANCHO CUCAMONGA, Calif.—Should credit unions consider reissuing their plastic cards with vertical designs?
ST. PETERSBURG, Fla.—Contactless cards and security of payments should be two things credit union payments executives focus on in 2021, says PSCU.
SAN DIEGO—Many more credit unions will likely be included among the organizations affected by the massive breach of Microsoft’s Outlook email service that was announced this week, according to sources who believe the full extent of the hack has yet to be revealed—and copycat attacks may follow.
NEW YORK—One organization believes that all it will take to jump start solar lending within credit unions is a little education.
By Ray Birch
SANTA MONICA, Calif. – Despite predictions new car sales in 2021 will be down again from pre-pandemic levels, TrueCar is urging credit unions to prepare for a solid auto lending year—but the forecast also comes with a warning about a potentially big pothole.